Cryptocurrencies Not Bubble: Solve ‘Money Problems,’ AngelList Co-Founder

AngelList Co-founder Naval Ravikant has claimed that Bitcoin and the other cryptocurrencies have what it takes to solve the money problems of different kinds of people around the world. He added that the general public is looking for potential alternative places to store their money and watch it grow.

In his presentation at the Token Summit II that was held in San Francisco, California on Dec. 5, 2017, he talked about the phenomenal trading performance of the leading digital currency Bitcoin and the other virtual currencies and the reason behind it. He claimed that Bitcoin’s staggering upward movements are driven by the people’s hunger for an alternative investment that meets their needs.

He claimed that the fear by some market observers that Bitcoin is nearing ‘bubble’ territory is unfounded. However, he has not ruled it out entirely, but he claimed that the fiat currencies are also a bubble that never pops…

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