“Bitcoin is a ‘dangerous speculative bubble,’ Yale expert says” – CNBC | $11,393.29

Last updated on January 2nd, 2018 at 12:00 am

With the price of bitcoin moving toward $12,000, a top economist on Tuesday sent a stark warning to investors: The cryptocurrency is in a “dangerous speculative bubble.”

Roach suggested that exchange legitimization makes bitcoin “somewhat dangerous” for investors, given what he described as a “lack of intrinsic underlying economic value to the concept.”
“Like all bubbles, they burst,” Roach said.

Eulogy made by Stephen Roach

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