Cryptocurrency is one of the most complicated yet hot topics in the finance world lately. Some see it as a revolution toward bringing our society into a place that doesn’t rely on banks any longer while others think it’s a ripoff.
But despite what you think of it, it’s hard to ignore that a single bitcoin has been traded at almost $20,000 recently. And as CNBC speculates, there’s a chance that the actual value of cryptocurrency may go up once the bubble bursts.
“One big plus of this current bubble bursting however could be that we get some real innovation across a number of industries, with valuations a little clearer to understand.”
While the way cryptocurrencies are currently proceeding may not be in a form that can last, it’ll be interesting to see how they develop.
Image via Dice Insights.