Hello fellow Steemians
yesterday I read this article on insideparadeplatz.ch
https://insideparadeplatz.ch/2017/08/22/bitcoin-und-krypto-tulpenmanie-reloaded/ (german article)
the author of this german written article compares the cryptocurrency-hype to the tulip-mania back in the 17th century in the netherlands.
He basically claims that cryptocurrencies are the biggest speculation bubble nowadays and that there is a real danger it could explode any time soon. He also gives reasons why this could happen like for instance: what would happen if th biggest banks in the world would announce their own crypto-currency? Would there anyone still be interested in bitcoin & Co? What if some government announces one day that Cryptocurrencies are going to be illegal tomorrow? The money loss would be gigantic... (The estimated Market cap is currently around 145 billions $. What if all that money is worthless tomorrow? Who would be the winners after all?
These are the questions I am currently thinking about a lot. What are your opinions? I would like to hear in the comments.
Have a nice day
frank.riel