Crypto Long & Short: No, Bitcoin Is Not in a Bubble

Crypto Long & Short: No, Bitcoin Is Not in a Bubble

To think that such a festive concept, one that evokes both sophistication and childlike wonder, could become so financially charged …

Last week, Bank of America Securities chief investment strategist Michael Hartnett said in a note that bitcoin (BTC, -1.3%) looks like “the mother of all bubbles.”

Harnett seems to be using the strength and speed of bitcoin’s price rise as the base for his diagnosis, as if that is the main feature of a financial bubble. It isn’t.

Continue reading at coindesk.com

Publisher

    Comments are closed.