Bitcoin is “not a bubble,” Nasdaq has said citing five reasons demonstrating why Bitcoin price is nothing like Tulip Mania.
Increasing adoption as legal tender, merchant acceptance and an investment device for “distressed” economies are among the signs Bitcoin is only just starting out rather than peaking, the investment giant wrote Wednesday.
“In all fairness, the returns that Bitcoin and its digital peers in the crypto assets space are experiencing have not been seen since the day and age of the Internet bubble in the late 1990s,” it stated…
Read Full: 5 Reasons Why Bitcoin Price is Not Tulip Mania: Nasdaq.com
