“Bitcoin is a ‘dangerous speculative bubble,’ Yale expert says” – CNBC | $11,393.29
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
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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