Is Bitcoin A Most Obvious Bubble

Is Bitcoin A Most Obvious Bubble

Cryptocurrency Blockchain

  • Calling Bitcoin the biggest and most Obvious Bubble in modern history may do it justice.
  • Bitcoin has doubled four times this year. In early January, one bitcoin was worth about $1,000. By May, it hit $2,000. In June, it breached $4,000. By Thanksgiving, it was $8,000. Two weeks later, december it was $16,000.
  • defining and identifying bubbles is harder than it seems (kind of like defining bitcoin in technical terms
  • Obvious Bubble an explanation that sheds light on the bitcoin frenzy, too. Gold, like bitcoin, is not a company. There are no financial reports, and its investors will never receive dividends. Instead, there are at least two big reasons to invest in gold. 

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