The Bitcoin Bubble Explained in 4 Charts
By: Jake Weber
GoldSeek.com
Wednesday, 22 November 2017
Cryptocurrencies have surely been the best-performing asset class of 2017.
The crown jewel of the crypto world Bitcoin has run up over 604% year to date. But that pales in comparison to Ethereum’s 3,562% gain this year.
Naturally, these sorts of monstrous returns in such a short period of time spark heated debate. In fact, many financial pundits and crypto advocates have scrambled to argue whether Bitcoin is a bubble or not.
So as the financial community takes sides, I decided to dig into Bitcoin’s tremendous run using nothing but hard data to see whether it’s in bubble territory or not. (Meanwhile, I highly recommend you download our exclusive special report, Investing in the Age of the Everything Bubble, from Wall Street veteran Jared Dillian.)
Let’s dive in.
Bitcoin’s Performance Dwarfs Tech Stocks’ Run in the 90s, but This Bubble Is Nowhere Near the Dot-Com Mania
The Bitcoin run has drawn comparisons to the dot-com bubble of the late 1990s. While the sentiment and underlying forces of both bubbles may be similar, their performance is a different story.
The Rest…HERE
