Download or read book Is Bitcoin a Bubble Waiting to Burst? written by Ajit Roy and published by . This book was released on 2018-09-25 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: Insane Growth Rate of Bitcoin that was valued 0 on January 2009, its users were just cryptography fans that were basically hobby is stretched all-time more than 700 at any given time high in 2017, boosting interest in all cryptocurrencies. In just 8 years, it had an 8,000% rise. No single currency or even an investment has reached that absurd rate. Because Bitcoin has been soaring as no other currency has ever done before, it has gotten its fair share of fans, critics, and sceptics alike. A lot of the critics have been calling Bitcoin as a "bubble" such as Warren Buffet, Jamie Dimon, Ray Dalio, and a whole lot more, mostly from the financial industry. However, they can call it anything they like, but it doesn't erase the fact that Bitcoin and cryptocurrency are here to stay. You can't argue with results. That's why there are more and more influential people buying into the Bitcoin craze. Below are words of some of those who have embraced the disruption with open arms:Bill Gates, co-founder of Microsoft: "Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than any currency in that you don't have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient." Eric Schmidt, Executive Chairman of Google: "Bitcoin is a remarkable cryptographic achievement. The ability to create something which is not duplicable in the digital world has enormous value. Lots of people will build businesses on top of that." Al Gore, former Vice President of the United States: "When Bitcoin currency is converted from currency into cash, that interface has to remain under some regulatory safeguards. I think the fact that within the Bitcoin universe an algorithm replaces the function of the government ... [that] is actually pretty cool." There's a whole lot more, but you get the picture. Everyone is dying to get their hands on the Bitcoin craze, and it has no signs of stopping anytime soon. Therefore, the book is compiled to give the readers a comprehensive idea about cryptocurrency particularly Bitcoin through the following chaptersChapter-1: What Are Cryptocurrency and Bitcoins?Chapter-2: Bitcoin TechnologyChapter-3: Facts and Figures of BitcoinChapter-4: Is Bitcoin a Legal Tender?Chapter-5: Bitcoin as an Investment: Risks and Opportunities Chapter-6: Pros and cons of BitcoinChapter-7: Economist and Expert views on BitcoinChapter-8: Future of BitcoinI am sure once the book is read, the interested people in this area will be able to know pros and cons and be able to take decision as to whether to deal with cryptocurrency.