The future
Just as every coin has two sides, we can not ignore the good side of bubbles. Jacques Oliver (2000) said that bubbles increase the market value of firms, thereby encouraging entrepreneurship, business creation, Invest and growth. John Eatwell (2004) said that the usefulness of the bubble lies in its role in alleviating social inefficiency, which stems from rational individual behaviour. That is, bubbles promote social efficiency. Money is more useful to stay in innovator's balance sheet than in misers bank account.
It's time to look to the future. There are some events that may happen in the future that has the potential to be a bubble.
- Cryptocurrency is accepted by authorities.
- Financial technology is used in developing countries.
- AI, ChatGPT.
- VR
- Space development: Mars colonization, mining on other planets.
- New energy system
Disclaimer
The author wrote this article for academic purposes only, and should not be regarded as any type of investment advice or invitation. The author has not registered financial professional qualifications in any country or region. Anyone acting on the advice of this article does so at their own risk.
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