No, Bitcoin Is Nothing Like the South Sea Bubble

A recentarticle in Forbes caused a stir. The piece was entitle "A Guide to South Africa's Economic Bubble and Coming Crisis". The article lays out the economic case that current South African economic growth is illusory: fuelled by 'hot money' and a resulting credit bubble that is ready to pop. It is argued that a global economic environment of low interest rates has resulted in the necessary economic distortions to drive this massive credit bubble. Interest rates should represent the price of savings in an economy. People either save or spend their earnings. What isn't spent is saved.....

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.” […]

Billionaire Shark Tank investor Mark Cuban sees cryptocurrency “exactly” like the dot-com bubble. He says bitcoin and a few other cryptocurrencies are analogous to those dot-com stocks, like Amazon and Ebay, that survived the bubble burst and thrived. Mark Cuban Likens Crypto to Dot-Com Bubble Shark Tank star Mark Cuban compared what he feels is a bubble in bitcoin to the dot-com bubble on Monday after the price of the cryptocurrency took a nosedive. The owner of the National Basketball Association’s (NBA) Dallas Mavericks tweeted: Watching the cryptos trade, it’s....

Has the Bitcoin Value bubble burst? Looking at the most recent prices, we seem readier for a gentle nosedive than a new rollercoaster ride to the top. Many altcoins are heading down too: Litecoin, Peercoin and your beloved Dogecoin are all in a steady slide to the drain of the cryptocurrency world. But looking at the charts below, many would argue that Bitcoin is up for a new rise to 10,000 USD. This recent bubble wasn't the first bubble, and it won't be the last for Bitcoin. Bitcoin price in USD from begin 2013 to June 2014. You see that tiny top in April 2013? That was a bubble just like....

Are we in the midst of a bitcoin bubble? Perhaps, but that doesn't necessarily mean prices are on the verge of collapse. And, bubble or no bubble, some analysts believe bitcoin still has room to grow. Former Wall Street analyst Henry Blodget says past price bubbles show that, in general, prices can rise much higher and bubbles can last much longer than most observers think. "Internet stocks, for example, were first described as a bubble in 1995, a full five years before the peak," Blodget writes on Business Insider. "And the amount of money made in those next five years made everyone who....