Keep Your Bitcoins: Central Bankers’ Bubble Will Burst Very Soon
Like the Dot-com and housing bubbles, Central Bankers’ bubble is presumed to break very soon. Once it does, independent currencies like Bitcoin will surge in value in high demanding markets. The value of Bitcoin as an independent currency solely depends on its market demand and is created at a fixed rate which was cryptographically and mathematically set amid its launch in 2009. The US and the majority of the world’s monetary systems are based on debt, as the printing of fiat money relies on the level of debt a country deals with. Undigested money. The fundamental concept behind....
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NFTs are all the rage at the moment. At the same time, some, including Mike Winklemann, AKA Beeple, have described the situation as a bubble. “I absolutely think it’s a bubble, to be quite honest. I go back to the analogy of the beginning of the internet. There was a bubble. And the bubble burst.” […]
Vikram Mansharamani is a lecturer in the Program on Ethics, Politics & Economics at Yale University who recently explained why Bitcoin is not in Bubble territory. Is There a Bitcoin Bubble That’s About to Pop? Mansharamani is a lecturer in the Program on Ethics, Politics & Economics at Yale University and a senior fellow at the Mossavar-Rahmani Center for Business and Government at the Harvard Kennedy School. He is also the author of “Boombustology: Spotting Financial Bubbles Before They Burst.” In a recent article in LinkedIn he asks: Is there a bitcoin bubble about to burst? He....
So what if Mt. Gox isn't really the de facto Bitcoin exchange anymore? That isn't stopping traders on the Japan-based exchange from pricing the digital currency from most other exchanges. Today, the price per Bitcoin has passed $500 USD - yet another milestone in a year filled with ups and downs (but mostly ups). Meanwhile at Bitstamp (which is looking to become the next Mt. Gox in terms of becomes a de facto exchange), the price is about $466. The real test, as you're well aware, will be if the price can keep it up. For weeks now people have been saying that we're in some sort of bubble -....
The president of Payne Capital Management has warned that crypto is “one of the biggest bubbles ever.” Stressing that the crypto market is “becoming a bigger and bigger casino,” he predicts that the bubble will eventually burst and “It’s going to be ugly.”
Crypto Is a Big Bubble Waiting to Burst, According to the Financial Adviser
Financial adviser Ryan Payne, president of Payne Capital Management, talked about the future outlook for bitcoin and the cryptocurrency market on Yahoo Finance Monday.
Payne co-designs his....
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