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bubble


A team of Bank of America Merrill Lynch (BAML) researchers is arguing that bitcoin is one of the “greatest asset price bubbles in history.” In a note released Sunday, the team led by chief investment strategist Michael Hartnett went so far as to categorize the current market, which has seen a 60 percent correction so …

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Pete Rizzo is editor-in-chief for CoinDesk. It’s been a rough month for Mark Zuckerberg. In the fallout from the Cambridge Analytica fiasco, in which it was found a third-party data provider was mining user information on behalf of political groups, Facebook and its founder have faced an outcry of criticism over the company’s role as …

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Michael J. Casey is chairman of CoinDesk’s advisory board and a senior advisor of blockchain research at MIT’s Digital Currency Initiative. I was at Token Fest in San Francisco last week. It was truly a “Fest.” The cocktails flowed at a VIP party the evening before opening. The next morning a band of mariachis and …

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After a watershed year for Bitcoin in 2017, cryptocurrencies have been thrust into the mainstream spotlight. News outlets, TV shows, celebrities and well-known broadcasters couldn’t just sit back while virtual currencies announced themselves to the world, spearheaded by Bitcoin’s spiralling bull run that came to a head in December. As Bitcoin peaked at $20,000, it …

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Former chairman Jim Newsome of the US financial regulator the Commodity Futures Trading Commission (CFTC) predicted that the alleged cryptocurrency “bubble” will not burst soon, Forbes reported on March 8. According to Newsome, the lack of a concrete regulatory framework means that institutional investors are still not participating in cryptocurrency markets. Without clear regulations and …

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Bill Miller, multi-millionaire investor and founder of hedge fund Miller Value Partners, shared his positive view on the cryptocurrency market sell-off and talked about why it should not scare investors in a FOXBusiness exclusive interview Feb. 28. Calling himself a Bitcoin “observer”, rather than a Bitcoin “believer” or “evangelist”, in the interview Miller compared Bitcoin …

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The chief investment officer (CIO) of the Investment Strategy Group at Goldman Sachs, Sharmin Mossavar-Rahmani, said in an interview with Business Insider on Feb. 27 that cryptocurrencies are in a bubble, which, when it bursts, will impact only 1 percent of global GDP. Mossavar-Rahmani, who guides investment strategy for clients with over $10 mln in …

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A senior executive for Goldman Sachs believes that cryptocurrencies – at least those that might one day be created by central banks – could be “incredibly useful.” Sharmin Mossavar-Rahmani, chief investment officer for Goldman’s Private Wealth Management unit, spoke with Business Insider in an interview published Tuesday. During the conversation, Rahmani notably remarked that “we …

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Jesse Powell, CEO of crypto exchange Kraken, told CNBC today, Feb. 13, that crypto traders must be responsible for the risks they take in investing in digital coins. During an interview at the World Government Summit in Dubai, Powell said that he sees consumers, not exchanges, as playing the primary role in risk evaluation: “I …

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Since Bitcoin took a tumble from the great heights of $20,000, the positive predictions have abated with the bears emerging from their caves, getting more vocal as they do. In such a market for Bitcoin, it is easy to predict downturns, which is fueling many anti-Bitcoiners to spread negativity about bubbles and crashes. Cleary buoyed …

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Peter Boockvar, the Chief Investment Officer at Bleakley Advisory Group, sees the potential for Bitcoin (BTC) to be around for a long time, but with a significant price drop coming when the Bitcoin bubble bursts, according to CNBC. Boockvar sees a possible 70 to 90 percent price drop for Bitcoin this year, saying: “Over the …

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Yale economics professor and Nobel Laureate Robert Shiller has admitted in an interview with CNBC Thursday, Jan. 18., that he now “doesn’t know what to make of Bitcoin ultimately” after earlier calling it “the best example of a bubble”. In fresh comments Thursday, several months after he told host Brian Kelly it was Bitcoin’s “story” …

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A second day of losses throughout cryptocurrency markets is giving would-be traders a chance to buy that may not be repeated. Bitcoin dropped below $10,000 on Cointelegraph’s price index Wednesday, Jan. 17. On the same day, Ethereum (ETH) went below $900, marking a price slide of over 30% for both assets this week. Community and …

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The traditional diversified portfolio of investments will have a host of assets in varying risk brackets, but for a traditional investment, officer cryptocurrencies could seem too speculative to be part of any portfolio with a wealth preservation focus. The caveat is that while not all cryptocurrencies are guaranteed to stick around forever, there are still …

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Even those who’ve never invested in Bitcoin before are starting to keep a closer eye on its progress. That’s because the currency has recently soared in value, causing the people who own Bitcoins to get excited and wonder how much more the worth could climb. There are even instances where people with no former interest …

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Mark Cuban, billionaire tech investor and owner of the NBA team The Dallas Mavericks tweeted on Tuesday, Jan. 16 that starting next season, it will be possible to buy tickets to the team’s games with Bitcoin. The Dallas Mavericks won’t be the first basketball team to start accepting Bitcoin as payment for tickets. The Sacramento …

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The views expressed here are the author’s own and do not necessarily represent the views of Cointelgraph.com 2017 was a breakthrough year for the crypto market for major coins such as Bitcoin, Ethereum, and Ripple, increasing awareness by the mainstream market, and innovative new applications of Blockchain technology drove impressive returns. More importantly, this blistering …

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Marc Hochstein is the managing editor of CoinDesk and a former editor-in-chief of American Banker.  The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. “It seems like the dotcom bubble all over again, or the housing bubble all over again.” That’s Robert Shiller, the Nobel Prize-winning Yale economist, …

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Bitcoin and Blockchain is all the rage in more than just individual investors’ circles, and companies are trying to cash in on the craze. While some are launching their own ICOs, such as Kodak, others have merely tacked ‘Blockchain’ onto their name and seen success. In a move that seems dangerously similar to what happened …

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2018 did not begin on a good note for Bitcoin as the monster rally leading to Christmas crashed, but it made a bit of a recovery in and among a boom for a number of altcoins. However, Monday has not been a good day for the entire cryptocurrency market. Looking down the graphs of the …

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