Ethereum (ETH/USD) Co-Founder and CEO of blockchain startup ConsenSys Joseph Lubin sees the digital currency market as a “healthy bubble,” Geek Snack reported.
“This is the good kind of bubble that occurs when a profound technology emerges and can’t build out its infrastructure fast enough for all the people that see the value and the vision,” Joseph Lubin.
Lubin further explained that the blockchain technology behind digital currencies has a massive impact and possess huge power. It has such a big impact that it has the potential to completely change “the way IT systems around the world are being built.”
The statement comes amid increasing speculation among investors regarding digital currencies’ price sustainability. They see the technologies behind digital currencies as opaque and unregulated in most cases, preventing supply-demand analysis from applying to them, like it can be applied to classic, physical assets.
Nouriel Roubini, who gained fame after predicting the 2008 financial crisis, warned that Bitcoin (Bitcoin) will be regulated to the extent that it will "find its end."
Credit Suisse CEO Tidjane Thiam recently stated that “the only reason today to buy or sell Bitcoin is to make money, which is the very definition of speculation and the very definition of a bubble."