This bold statement has been made by Chris Iggo, the chief investment officer of Axa Investment Management. Despite admitting that those following Bitcoin would have been nothing but amazed at the recent price surge, he goes on to say that it is hard to see the digital asset as a currency, saying;He believes that we are witnessing a digital bubble, and fears that our jobs might be taken by robots. He says;It is possible that Bitcoin is not the only bubble though in the cryptocurrency world, saying;He adds that when you consider the low levels of volatility that stock investors ‘have it good’ and that it would not be a big surprise if we saw a bout of profit taking.He says that despite the excessive valuations, the economy actually remains strong. The Purchasing Managers’ Index (PMI), which surveys activity from around the world, showed that in November, the manufacturing business is solid pretty much everywhere, and that this is encouraged by reasonable demand and a strong technology cycle.If you are tempted to bet against the market, Iggo says;