Bitcoin Could be Extinct

Shiller says

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Economist Robert Shiller who is an economist has been drawing parallels between the world’s biggest and most imperative cryptocurrency and also the dinosaurs.

Therefore, according to the professor based in Yale, Bitcoin could be extinct in the coming 100 years.

Shiller told;

“Bitcoin won’t look anything like it is today. It will have a different name if it exists. There will have been many hard forks changing it and changing it. And, it’ll be a matter of dispute whether it exists or not.”

Even though the doomsday for bitcoin may feel to be so far, this is not an indication that it won’t continue with the struggle.

He added;

“The one scenario is that something like what happened after 2013 when bitcoin topped $1,000 and then lost 80 percent of its value. It looked like bitcoin was just fading away. It’s so hard to predict these things.”

But does four years make a difference?

In December last year, bitcoin hit the $20,000 price level but later was involved in a downside which saw it sink to the $6,400 levels. It has not been trading above the $7,000 price level and is worth more.

Shiller said, “It looks like a bubble.”

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