https://cointelegraph.com/images/725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy80NjU1OTllMjI0NGFkZWQ1NmU2MDk1NDYwZWYwMTU5Zi5qcGc=.jpg

Gulden lead developer, Malcolm MacLeod, has stated that the current Bitcoin price rally is not real growth and that eventually it will burst. In an exclusive interview with Cointelegraph, he explained that the price rise is merely from contemplation and not actual network expansion.

MacLeod stated:

"I think we are way up into speculative territory on not only Bitcoin but a bunch of other altcoins, all of which have gone up quite ridiculously."

The developer indicated that there are no real fundamentals to support the price rise and that it’s hard to confirm that Bitcoin is suddenly seeing huge amounts of people using it for day to day business.

Read more here: https://cointelegraph.com/news/bitcoin-price-growth-is-speculation-bubble-will-burst-macleod