Tag Archives: bubble

$100 Bitcoin? Japan Post Bank’s CIO Blasts ‘Bubble’ Value

Bitcoin’s astonishing price rally this year continues to attract skeptics. The latest to join the fray is Katsunori Sago, chief investment officer of Japan Post Bank, who said he believes the world’s largest cryptocurrency by market capitalization is in bubble territory. Speaking to Reuters today, Sago argued that the true fair value for bitcoin is around $100, […]

Bitcoin’s Split Personality Problem May Pop the Bubble

Bitcoin’s breakups could come back to bite the digital currency. They may already be nibbling. The biggest problem is bitcoin’s theoretical 21 million limit. By my math, 20.3 million bitcoins are already in existence. What’s more, the maximum limit by my count is now 25.5 million and climbing. That’s an enormous issue for a currency […]

Is It Possible That Ethereum Is Not in a Bubble?

Despite ethereum’s meteoric rise in 2017, some experts say it is not in a cryptocurrency bubble. The cryptocurrency space has grown at an astonishing rate in 2017, and ethereum is a prime example. The world’s second-largest digital currency by market cap started off the year at just $8 per coin. As of this writing, it […]

Bitcoin price bubble in 4 charts

Scott Olson/Getty Images The value of Bitcoin has risen 604% so far this year. Ethereum, its closest competitor, has risen 3,562%. Those gains far outpace the dot-com bubble from the 1990s.  Given Bitcoin’s volatility, it lacks the ability  to disrupt traditional fiat currency as a store of value and method of payment.  Cryptocurrencies have surely been […]

‘Dr. Doom’ Roubini Says Bitcoin is a ‘Gigantic Speculative Bubble’ that Will End

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. An influential American economist who predicted the 2008 financial crisis is now claiming that bitcoin is a ‘gigantic speculative bubble’ and that it will eventually come to an end. Nouriel Roubini, an economics professor at New York University’s Stern School of Business, […]

Bitcoin Is No Bubble, Says Investor With $213 Million Stake

Tim Draper was walking through a pavilion at a tech conference in Lisbon on Tuesday when he was cornered by an entrepreneur touting a new digital currency. No sooner had the venture capitalist heard the pitch than he was approached by another guy hawking his own initial coin offering. Another followed, then another. It’s no […]

Bitcoin: The World’s Most Dramatic Bubble Ever?

First it was tulips. More recently it was tech stocks and then the housing market. Lately, it’s all about bitcoin. All four share a common denominator: They suffered through financial bubbles, or bubble-like conditions. The first three ended badly. The jury is still out on what’s in store for bitcoin. Yet the more the digital […]

Bitcoin may not make sense, but its bubble is not about to burst just yet

OK, we can all see it: bitcoin looks a lot like a bubble. It stinks of irrational exuberance: it is incredibly volatile, and not only does its price continue to increase, but it is doing so at ever accelerating rates. It took 1789 days for bitcoin to go from nothing to $US1000. Then 1271 days to […]

‘Maybe bitcoin is a kind of a bubble,’ Goldman Sachs CEO Blankfein says

Michael Nagle | Bloomberg | Getty Images Lloyd Blankfein, chairman and chief executive officer of Goldman Sachs Group The digital currency has already been embraced by some of Wall Street’s most well-known figures, including investing legend Bill Miller. It has been criticized, however, by Blankfein’s peers on Wall Street in JPMorgan Chase CEO Jamie Dimon […]

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