it can only survive if it becomes currency - medium of exchange. I don't see how at the moment As a place to park money it's doomed. Coordinated government crackdown and entire crypto universe will go down to zero overnight Although I think govenments just will slowly suffocate cryptos in the next 2-3 years
He is going to change his mind just like Mark Cuban did.... I still don't understand how a currency made out of thin air holds more value than fiat and gold, and copper and silver and the price a used 2000 Audi A4
Bitcoin is a currency. It can't be fraud if people accept it. But if it takes off there is no place for a bank it the ecosystem. That is why bankers don't like it.
It is not out of thin air. There is an army of computational resources behind it. Without that, then yes, it is worthless.
So El-Erian said Bitcoin should be valued at half of what it's worth today.... Bitcoin just dropped below $4000!!!!! $15+ billion in value wiped off in 11 days!!!!!!