Home The Future Of Money Bitcoin Bitcoin, the biggest bubble in history, is popping

Bitcoin, the biggest bubble in history, is popping

0
293

The cryptocurrency has fallen more than 65% since peaking in December.

Janine Wolf, Bloomberg

The greatest bubble in history is popping, according to Bank of America Corp.

The cryptocurrency is tracking the downfalls of the other massive asset-price bubbles in history less than one year out from its record, analysts lead by Chief Investment Strategist Michael Hartnett wrote in a note Sunday.

The cryptocurrency has fallen more than 65% since peaking in December at $19,511. Bitcoin rose 2.2% to $6,750 on Monday.

The greatest bubble in history?

USDBTCUSDBTCNov ’17Dec ’17Jan ’18Feb ’18Mar ’18Apr ‘180k5k10k15k20k25kTuesday, Feb 6, 22:00● USDBTC: 8 062.505Highcharts.com
4/8/2018, 11:00:00 PM

© 2018 Bloomberg

SHARE
Previous articleI am Not Overweight, The Scale is Faulty by Alex Otti
Next articleImpairments push Lafarge Africa to 2017 loss, shares sink
Godwin Okafor is a financial journalist, Internet Social Entrepreneur and the Founder Naija247news Media Ltd He has over 16 experiences in journalism, which cuts across traditional and digital media. He started his journalism career in Business Day, Where he was a senior editorial graphic artist, before he left to start Naija247news, An Online Financial Newspaper in 2010. He has won series of awards and he is the chairman of Emmerich Resources Limited, the publisher of Naija247news.com and also sits on the board of Students In Business Awards, (SIBA).

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.