Bitcoin bubble burst threat for investors
Warnings have been issued to investors about a potential Bitcoin bubble burst. The European Supervisory Authorities for securities, banking and insurance and the UK’s Financial Conduct Authority (FCA) have made statements in regard to the current inherent volatility of cryptocurrency trading. Officials have commented that the pricing bubble is likely to burst at some point, leaving a lot of virtual currency owners out of pocket. There has already been considerable speculation about a cryptocurrency bubble burst occurring this year.
Bitcoin is not the only risky VC investment highlighted in the warnings. Other cryptocurrencies, such as Ethereum, Litecoin and Ripple are also included in the potential virtual currency price crash. Factors such as cryptocurrency exchange for criminal purpose and impending government regulation of cryptocurrency transfers have been mentioned as two reasons contributing to a possible digital currency price meltdown.
Bitcoin’s value has endured a rollercoaster ride over the last 12 months: To rise from a low of US$929 (March, 2017) to a high of US$19,435 (December, 2017) is a clear demonstration of the well-known cryptocurrency’s incredible volatility. A serious and sustained price crash would wipe billions of dollars from investment portfolios worldwide. A recent example of a cryptocurrency crash saw the total market for virtual currencies lose over US$100 billion in value.
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