Will bitcoin crash? Could the bitcoin bubble burst? Experts weigh in on bitcoin's future

Will bitcoin crash? Could the bitcoin bubble burst? Experts weigh in on bitcoin's future
 

Bitcoin's price surge past $7,400 for the first time today, just days after Chicago-based CME gave its stamp of approval for bitcoin's futures trading.
But UBS analyst Paul Donovan warned that the digital currency could be on the brink of a crash after surging ahead of its arrival on the futures market. 
Mr Donovan likened the bitcoin craze to the tulip craze which is widely seen as the first example of an economic bubble. 
He tweeted: "Amsterdam 1636. Cash-settled futures markets in tulip bulbs start. Prices soar. Amsterdam February 1637. Tulip bubble bursts.”
But not everyone is... read more

 
3 November 2017 in Business, Views: 49
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