The instant convertor’s CEO told Bloomberg that current volatility is an essential part of crypto’s metamorphosis.
Bubble News
The term “bubble” in economics and finance is used to characterize an economic cycle of a fast and rapid rise price followed by a contraction. Bubbles can occur in a situation when investors bid beyond any real intrinsic value on a certain commodity or financial instrument, leading to exuberant market behavior. This scenario usually, but not always, results in an elevated price, which means investors are less willing to buy the now-overpriced asset, causing a massive sell-off and the deflation of the “bubble.”
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Economist and notorious cryptocurrency critic Nouriel Roubini said that “crypto is the mother and father of all bubbles.”
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An analysis of the bitcoin price movements from a leading Italian economist.
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A recent study conducted by the CAIS has revealed that almost half of investors believe that crypto as an asset class is a bubble.
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CNBC’s Brian Kelly outlook on crypto in 2019, Bitcoin ETF in 2020, and inevitable recession.
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Nouriel Roubini, one of the most notorious cryptocurrency critics, has stated that blockchain is “no better than an Excel spreadsheet.”
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by Ana Berman
Charles Hoskinson, founder of Cardano, believes crypto markets will be more mature and attract millions to billions of users by the time they regain 2017’s all-...
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Job cuts have become a reality in the crypto industry - but they pale in comparison to the biggest corporate layoffs in history.
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Russia’s economic minister has compared BTC with a “soap bubble,” while seeing its influence on increasing tech investments as positive.
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by Ana Berman
Economist Nouriel Roubini, aka “Dr. Doom,” compares Bitcoin to North Korea, stating it has the worst inequality coefficient in the world.
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And should we even focus on ‘bubble or not’ that much?
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Joseph Lubin doesn’t think that market crashes are all that bad, and Playboy sues in order to get its blockchain integration started already.
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Ethereum co-founder Joseph Lubin anticipates new crypto value highs as successive bubbles have made the ecosystem stronger.
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Nobel Prize winning economist Paul Krugman calls himself a “crypto skeptic” in a New York Times opinion piece.
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Bank of Finland crypto report calls blockchain a “centralized ledger” and digital currencies a “fallacy.”