In the early days of Bitcoin, very few people were interested. Little by little, Bitcoin convinced more and more people by showing that it was not just a technological gadget reserved for a few geeks.
The revolution that Bitcoin is building is much deeper and will have a huge impact on the world in the years to come.
As soon as Bitcoin saw its price rise above $1,000, more and more people who felt threatened by what Bitcoin represents began attacking it by claiming that Bitcoin was just a speculative bubble.
Bitcoin was then compared to tulipomania, which wreaked havoc in the Netherlands between 1636 and 1637, or to the Dot-com bubble of the early 2000s.
It is true that some people only see Bitcoin as a new speculative tool to make big profits.
This profound misunderstanding of Bitcoin’s real potential does not mean that Bitcoin is a bubble.
Indeed, we live in a world where more and more people, starting with financial traders, are driven by greed.
This has nothing to do with Bitcoin, which is not a bubble in itself.
The speculative bubble that had formed because of these greedy people at the end of 2017 burst in 2018 leaving out those who have no business being in the Bitcoin market.
The bursting of this bubble allowed Bitcoin to be purged of non-believers. Since then, Bitcoin has resumed its forward march and has emerged, once again, stronger than ever.