Joe Pindar, Director of Product Strategy, Gemalto:
“The meteoric rise of bitcoin couldn’t last forever, and the sudden fall followed by growth less than 24 hours later highlights that the currency is still volatile. Whilst it’s anyone’s guess as to when the bubble will burst, there is no doubt that it still needs to find its true value in the market.
“It reminds me of what happened in 1999 with the dot-com bubble, which companies like Amazon and Google survived and became a cornerstone of our lives. Once the hype has been removed from Bitcoin, we will be left with the serious players who see the benefits of its convenience and international nature, and the true value will be established. For anyone concerned about the bubble bursting, my advice would be to wait it out, as mark my words, Bitcoin will be around for a long time to come.”