Tag: Bitcoin Bubble

Economist Claims Bitcoin Bubble Is Still in the Early Profit-Taking Stages

It is only to be expected that economists and other financial experts remain wary of Bitcoin and other cryptocurrencies at this stage. After the onslaught which traders have witnessed throughout most of 2018, the future price direction remains unclear. Economist Joost van der Burgt is confident Bitcoin will fall even further in value pretty soon. Another Doom Scenario for Bitcoin Anyone who has paid attention to Bitcoin price predictions over the …
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Bitcoin’s Price Will Probably Go to Zero, Major Investment Firm Head Says

There exists a decent probability that the price of Bitcoin will eventually go to zero, according to Joe Davis, the head of Vanguard Investment Strategy Group, a division of the global giant Vanguard Group. In a blog post published on Tuesday, May 21, Davis broke down his argument that cryptos don’t qualify as currencies and may soon be replaced by centralized blockchain-based currencies. Bitcoin Presents A Quandary A proponent of the ‘blockchain is …
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Nobel-Winning Economist Robert Shiller Equates Cryptos to Failed Currencies

Throughout history, people have tried to reinvent money, and while new inventions have created a buzz for some time, none of them have succeeded. Bitcoin and other cryptos are just the latest in a long line of such inventions, according to renowned American economist and crypto critic Robert Shiller. In a blog post appropriately titled “The Old Allure of New Money”, Shiller recounted various instances in which new forms of currency have …
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Renowned Economist Tears Into Bitcoin, Calling it Bulls**t

In case you were wondering, Nouriel Roubini’s stance on Bitcoin and other cryptos hasn’t changed a bit. He still thinks cryptos are a scam, and believes Bitcoin is “bulls**t”. In a panel discussion at the Milken Institute in Los Angeles, the economist who lectures at New York University referred to late Bitcoin entrants as “suckers” who would end up being preyed on by the earlier entrants. The panel consisted of Abra’s CEO and founder, …
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