When asked if the volatility of Bitcoin posed no risk to investors, NEO platform founder Da Hongfei said there was indeed a bubble, but it was OK ". He predicts that growth would be more pronounced if the bubble burst.
In a televised interview with CNBC, Da Hongfei, founder of the NEO network, explained that the current wave of enthusiasm surrounding Bitcoin and blockchain was not necessarily a problem.
"I would say there is a bubble in this area, but I would say it's 'OK'," he said during the Capital Connection show.
"This is the case for all technologies that are so 'disruptive' - there will certainly be bubbles, as was the case with the arrival of the train or the car," he explained.
The debate over the formation of a speculative bubble around Bitcoin seems to be raging, and many figures in finance have predicted an impending burst of such a bubble.
To read also: "Bitcoin, a speculative bubble about to burst?" - "What would be the consequences of a burst of the" bubble "Bitcoin?"
Since a drop to less than $ 9500 occurred last Thursday, the price of Bitcoin has gradually increased to reach, when writing this article, the $ 11,300.
No worries to have
Continuing his predictions, Mr Hongfei claimed that the ecosystem was in the last phase of a bubble.
"With the blockchain, I think we are in the last stage of a bubble, but even if it burst, I think the blockchain will come back later, stronger than ever," he said. declared.
Jamie Dimon, CEO of JPMorgan, recently predicted that the price of digital currency could rise to $ 20,000, before losing most of its value.
Receive every day a current summary and the latest news of the last 24 hours of the world of cryptocurrency. @tighilt