Oxford Club: Is Bitcoin A Bubble? December 7, 2017

The Oxford Club is a global investment club that sharpens its trading strategies to consistently beat the overall market averages. It has done so for many years, and this makes what they have to say about any particular investment something that people tend to listen to. Lately, the group has taken on the issue of Bitcoin and other crypto-currencies.

Bitcoin is the crypto-currency that is getting all of the attention and media headlines as of late. This is because it is the largest crypto-currency in the market, and the most used. However, perhaps it does not necessarily deserve all of this praise right now. Yes, the currency has made an enormous climb in value since it was first introduced just years ago. At this point though, the Oxford Club and many others believe that it is overvalued. Sentiment could turn on Bitcoin very rapidly, and those who invest in it now may be in for a major loss on their investment.

While that scenario certainly exists for Bitcoin, this is not to say that the same doom has to happen for every crypto-currency out there. As a matter of fact, there is a possibility that some other crypto-currencies could be a great investment at this point. The trick is to get into the right ones.

The Bitcoin craze has helped to fuel the creation of a new asset class on Wall Street. That asset being crypto-currencies themselves. They were once scoffed at by the Wall Street elites, but now they are rationally considered along with all other types of investments by many Wall Street types. There are still the doubters to be sure, but there are many more who will at least talk about this currency as a potential investment than there were in the past. That is a big step in the right direction for those who believe in the power of crypto-currencies.

Keep an eye on how Bitcoin does going forward. It is so unpredictable that it is not worthwhile to try to bet against it, but it is also not something that many are suggesting you put all of your money in right now either.