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Bitcoin trading above 72,000 USD but we believe Bitcoin prices not sustainable in longer term

Bitcoin trading above 72,000 USD but we believe Bitcoin prices not sustainable in longer term.

Key reason is Bitcoin is not backed up by any National Government.

Even the World Top Investor like Warren Buffet is also not interested in Bitcoin investments.

Better to invest in real estate properties, gold or silver rather than investments in Bitcoin. Even good companies related stocks who can have better profits can also be invested.

Over a decade real estate properties, gold and silver will give good returns definitely.

Getting to Bitcoins, we can not predict whether Bitcoin will be trading at high prices or will collapse completely.

Mainly depends upon how long back ground leaders of Bitcoin who is managing Bitcoin market.

At the same time, I know couple of people saying Bitcoins are limited so as demand increases prices will increase.

But first of all the actual asset should have usability. For example house you live, gold ornaments you wear, metals used to manufacture goods, Currency backed by national governments, products you consume to serve your needs.

Like this what is main usability of Bitcoin still we are not sure rather than artificial demand that got created in the market.

Anyways time will tell whether Bitcoin is really sustainable or will fail in terms of sustainability.

 

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