UBS' Donovan on Bitcoin: A Bubble Is a Bubble

The video discusses Bitcoin's value through economic theories, highlighting its dual role as a store of value and a medium for transactions. It points out Bitcoin's limitations in transaction capacity and questions its legitimacy in futures markets, comparing it to historical market bubbles like the Tulip Mania.

What does the speaker imply about the future of Bitcoin prices?

According to the speaker, what is the nature of Bitcoin in terms of being money?