The Economist Named The Reason For The Possible Collapse Of Bitcoin

&NewLine;<&excl;-- Google AdSense AMP snippet added by Site Kit -->&NewLine;<amp-auto-ads type&equals;"adsense" data-ad-client&equals;"ca-pub-7026113949539412"><&sol;amp-auto-ads>&NewLine;<&excl;-- End Google AdSense AMP snippet added by Site Kit -->&NewLine;&NewLine;<p class&equals;"has-text-align-center"><em><strong>Steve Hanke<&sol;strong> believes that the value of the first <strong>cryptocurrency <&sol;strong>could collapse as quickly as it rose<&sol;em><&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><strong>Johns Hopkins<&sol;strong> University professor of applied economics and <strong>cryptocurrency <&sol;strong>critic <strong>Steve Hanke<&sol;strong> is <a href&equals;"https&colon;&sol;&sol;twitter&period;com&sol;steve&lowbar;hanke&sol;status&sol;1445499492707409927" target&equals;"&lowbar;blank" rel&equals;"noreferrer noopener">confident <&sol;a>that the value of <strong>bitcoin <&sol;strong>could collapse due to the market law&comma; which says &&num;8220&semi;what rises must fall&period;&&num;8221&semi; <&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>According to <strong>Hanke<&sol;strong>&comma; this law will be confirmed by the high volatility and speculative nature of the first <strong>cryptocurrency<&sol;strong>&period;<&sol;p>&NewLine;&NewLine;&NewLine;<blockquote class&equals;"twitter-tweet">&NewLine;<p lang&equals;"en" dir&equals;"ltr">What goes up must come down&comma; and <a href&equals;"https&colon;&sol;&sol;twitter&period;com&sol;hashtag&sol;Bitcoin&quest;src&equals;hash&amp&semi;ref&lowbar;src&equals;twsrc&percnt;5Etfw">&num;Bitcoin<&sol;a> certainly isn’t exempt from this law&period; <a href&equals;"https&colon;&sol;&sol;twitter&period;com&sol;hashtag&sol;BTC&quest;src&equals;hash&amp&semi;ref&lowbar;src&equals;twsrc&percnt;5Etfw">&num;BTC<&sol;a>’s extreme volatility &amp&semi; speculative nature serve as reminders of the up and down law&period; <a href&equals;"https&colon;&sol;&sol;t&period;co&sol;ux9pMy3jwL">pic&period;twitter&period;com&sol;ux9pMy3jwL<&sol;a><&sol;p>&NewLine;<p>&mdash&semi; Steve Hanke &lpar;&commat;steve&lowbar;hanke&rpar; <a href&equals;"https&colon;&sol;&sol;twitter&period;com&sol;steve&lowbar;hanke&sol;status&sol;1445499492707409927&quest;ref&lowbar;src&equals;twsrc&percnt;5Etfw">October 5&comma; 2021<&sol;a><&sol;p><&sol;blockquote>&NewLine;<p> <script async src&equals;"https&colon;&sol;&sol;platform&period;twitter&period;com&sol;widgets&period;js" charset&equals;"utf-8"><&sol;script><&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>In late September&comma; <a href&equals;"https&colon;&sol;&sol;cointopsecret&period;com&sol;2021&sol;09&sol;29&sol;economist-compares-bitcoin-to-major-disasters&sol;"><strong>Hanke <&sol;strong>compared<&sol;a> <strong>Bitcoin <&sol;strong>to the world&&num;8217&semi;s biggest disasters&comma; such as the sinking of the Titanic in 1912 and the Hindenburg airship in 1937&period; The economist also called the first <strong>cryptocurrency <&sol;strong>a speculative asset with zero fundamental value&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"has-text-align-center"><em><strong>Hanke <&sol;strong>worked as a senior economist during the administration of US President Ronald Reagan from 1981 to 1982&period;<&sol;em><&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><&sol;p>&NewLine;