Bitcoin's new record in 2018,Bitcoin's Price Can Go Too Far

Davis stated that it was wrong to classify Bitcoin as money; Although Bitcoin is a clearing agent and accepts it to be a value, he claimed that Bitcoin was deprived of the property of wealth , the third feature that money should possess . Indicating that Bitcoin's main parameter of price determination is far more speculation than the economic indicators, Davis hit his finger at this point:

What happened?
Lee predicted that the consensus conference , which took place last week, would gather the attention of the investors in the market once again and that the market would be moved by the fact that Blockchain technology did not slow down but rather opened up in new areas. But the move in the market was not exactly like that, but the reverse cryptographic currency market had lost 10%. Speaking to CNBC, who is related to the subject , Lee: "Apparently we are very optimistic about it."

The Blockchain meeting last week was just one event and attracted the curiosity of newcomers to the market with the majority. But it does not mean that investors will suddenly change their minds and make investment decisions. If this activity changed something, it led attendees to look into the crypto currency more closely and to keep the crypto market under closer scrutiny.