“Bitcoin rally may continue — but is it driven more by high-school dropouts than fundamentals?” – MarketWatch | $9,096.37

Bitcoin looks like a sure bubble — a disaster waiting to happen…

So bitcoin, then. A bubble or not? If you ignore the arguments that attempt to justify its valuations, it looks like one, albeit with dynamics that are very hard to interpret. If you listen to them, it looks that way even more, with more confidence in the arguments’ bogus nature. Draw your own final conclusions.

Eulogy made by Dr. Constantin Gurdgiev


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FaceBook, whose rise in value has been even more parabolic than that of Bitcoin, and has arguably less substance to it, is driven by a university dropout …..