CEO Civic Winnie Lingam: the Greed of investors will lead to a new bitcoin bubble
The greed of investors will lead to a new bitcoin bubble. So says CEO of the American Civic startup Winnie Lingam, writes Bitcoinist.
“Do I think we will have another bubble? Probably because people just don’t learn. Again, when bitcoin breaks through $20 thousand, it will return to $100 or so,” said Lingam.
According to him, the December bubble and its subsequent collapse is easily explained by imbalances of supply and demand.
Lingam of the opinion that scalability issues are a barrier to mass adoption of bitcoin. He also believes that developers should be on the market because of faith in their project, and not for Mercantile reasons.
We will note, in February the General Manager of the Bank for international settlements, Agustin Carstens has stated that bitcoin is a bubble, a pyramid and an environmental disaster all in one.