Dec 21, · Like bitcoin’s surge, Deringer explains, most bubbles erupt off the back of novel technologies (think of the timberlandschuheherren.de bubble in the noughties), often coupled with some form of financial Author: Gian Volpicelli. Jun 18, · Preparing For The Next Bitcoin Bubble. Clem Chambers Senior Contributor. I think we know what a bubble looks like and we know what a crash looks like- Author: Clem Chambers. 1 day ago · Bitcoin Likely in Bubble Phase, Argues CNBC Guest Even after a correction from $34, to $32,, Bitcoin remains up over % in the past six weeks. The cryptocurrency traded at new all-time highs on Friday as institutional capital continued to flow into BTC.
Next bubble like bitcoinBitcoin Market Is In Bubble Phase, Says Economist on CNBC
On the stock market, skipping Bitcoin for now, the investor stated:. Despite his skepticism about Bitcoin, he did say that he remains a gold bull. While there are a number of other economists that think Bitcoin is overbought, the overall BTC trajectory remains bullish according to prominent Wall Street investors.
There is also news indicating that prominent Wall Street funds have continued to siphon capital into Bitcoin.
Read more: JPMorgan says stocks are primed for sustained gains in a way they haven't been in years - and identifies 43 names to buy for above-average earnings growth in Though Rosenberg raised his doubts about the scarcity of bitcoin and the thesis that only 21 million bitcoin are able to be mined.
While investors do know about the supply curve of gold with certainty, Rosenberg said that investors just "think they know" but don't really know about bitcoin's supply curve. He added that the last time bitcoin behaved with such a "speculative fervor," it suffered massive disappointments in the months to follow.
Bitcoin bulls say that 's rally is different because of the institutional inflows. Read more: A hedge fund manager explains why betting on volatility can amplify portfolio-wide returns like Dennis Rodman during the Chicago Bulls dynasty - and shares how to build a dragon portfolio designed to win over the next years.
Bitcoin is in a 'massive bubble' and investors don't understand how its supply works, says economist David Rosenberg. Emily Graffeo. Rosenberg said the chart looks "absolutely crazy right now.