Bitcoin Bubble Burst Predicted

November 28, 20171min

Bitcoin’s growth is continuing apace, hitting a new high earlier this week of  $9,700, and although early investors are happy at the rise in value, banks are worried that the bubble will burst with major fallout.

There are predictions the cryptocurrency’s value could hit $10,000 by the end of this week – a stark rise from the beginning of 2017 when one Bitcoin was worth $1,000.

But Bitcoin could crash at any stage, it has been warned. European Central Bank policymaker, Ewald Nowotny, gave his thoughts in an interview for Reuters:

The problem with bitcoin is that it could easily blow up and central banks could then be accused of not doing anything.

So we’re trying to understand whether bank activity in relation to cryptocurrency trading needs to be better regulated.”

CXM Editorial Team

CXM Editorial Team

Published for all CX professionals, the digital Customer Experience Magazine is packed full of industry news, blogs, features, video bites and international stories all focusing on customer experience. CXM will help you learn what makes an outstanding customer experience that wins both awards and the hearts of customers. And sometimes we share some cool music as well.

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Customer Experience Magazine is the online magazine packed full of industry news, blogs, features, reports, case studies, video bites and international stories all focusing on customer experience.



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