Experts compare Bitcoin value spike to an ‘infectious disease’

Financial experts have ruffled a few feathers by comparing the surge in Bitcoin value at the tail end of 2017 to an ‘infection’, behaving like a fast-spreading disease.

Barclays economists said: “We developed a theoretical model of an asset price with a pool of speculative investors and compared it with actual bitcoin price behaviour to see what it might imply for the future dynamics.

“The model has clear parallels with compartmental models of the spread of an infectious disease in epidemiology.”

However, following this statement Barclays implied that said infection had been treated, and Bitcoin is on its way to recovery after a bad start to 2018.

They’re not the only ones predicting a resurgence, with Bitcoin expert Michael Jackson saying this week that he could “see not reason why Bitcoin shouldn’t fulfill its dream.”

The Independent