Monday, January 8, 2018

Bitcoin isn"t the bubble — the global financial system is

For one thing, bubbles don’t do what bitcoin has done since its inception in 2009…They don’t come right back a couple of years later and soar again to a new price 10 times greater than the previous bubble’s high, which is what bitcoin has done after each one of its three or four previous “bubbles” burst. The real bubble is larger and far more dangerous, and it lies at the heart of the global financial system.

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