Tag Archives: Bubble

Bitcoin Is ‘The Most Extraordinary Bubble of Our Generation’ Says Trader

Bitcoin is up by almost 180% year-to-date. To some, the disbelief rally has run its course, and it is now time to short the market. While a quick short might be profitable now, one trader believes that the rally from $3,000 to almost $14,000 is nothing but a warm-up. According to an analyst, all four BTC bull runs were massive local bubbles. In his humble opinion, bitcoin is the future. Continue reading Bitcoin Is ‘The Most Extraordinary Bubble of Our Generation’ Says Trader

This Bitcoin Bull Market Proves the Crypto Bubble Never Burst

This past weekend, the bitcoin price zoomed past $8,000 and left everybody buzzing about a new bull market. Crypto Twitter took the news as an opportunity to mock the masses who thought bitcoin was a bubble. Here are two tweets that reflect the general sentiment. Continue reading This Bitcoin Bull Market Proves the Crypto Bubble Never Burst

Op-Ed: Why the Bitcoin Bubble Burst is Good for Crypto

Even the most ardent crypto evangelist must admit that bitcoin appears to have been the worst investment of 2018, at least in pure dollar terms. The cryptocurrency has lost almost 80 percent of its market capitalization since it established an all-time high at around $327.15 billion. The adoption rate and volume have dropped likewise. Organizations that were planning to launch their bitcoin-based services have delayed their projects or scrapped them entirely. As any seasoned trader would say, the bitcoin bubble is bursting — or has burst already. Continue reading Op-Ed: Why the Bitcoin Bubble Burst is Good for Crypto

Billionaire George Soros is Set to Start Trading Cryptocurrencies

George Soros thinks cryptocurrencies are a bubble. He’s about to start trading them anyway. The billionaire investors and business magnate won’t be trading them personally, of course, but Bloomberg reports that Adam Fisher — who runs Soros Fund Management’s macro investing operation — has secured internal approval to begin trading cryptoassets. Continue reading Billionaire George Soros is Set to Start Trading Cryptocurrencies

We’ll Succeed, Even if Bitcoin Ends Up Defunct

Dan Morehead, chief executive officer (CEO) and co-chief investment officer of struggling cryptocurrency hedge fund Pantera Capital, recently claimed that even if bitcoin fails like Pets.com did during the dot-com bubble, the hedge fund would still see investors make money. Continue reading We’ll Succeed, Even if Bitcoin Ends Up Defunct