This Bitcoin's bubble is totaly new
The cryptocurrency has surged 162% in very volatile trading this year amid continued demand. But as the chart below illustrates, bitcoin's longer-term rally by as much as 1,000% was swifter than homebuilder stocks in the lead up to the housing crash.
Jeffrey Kleintop, the chief global investment strategist at Charles Schwab, said that "the 10-year buildup is important to how embedded the bubble becomes and how much impact the bursting has on the economy and markets."
In other words, this is simply unprecedented. But arguably, a bitcoin crash probably won't have the same ripple effect on the economy as some other assets would.
thats interesting. i mean everything is manipulated but BTC didnt crash as hard as the rest of them. plus it was only a couple years and a minor crash, I really do believe it'll go up hugely as they said it would
we need more patience it will go up
of course it will thats what im saying!
Everything is manipulated :(
This 'bubble' is nothing compared to past Bitcoin bubbles. So I am not impressed yet by bubble talk.