Topic: [2017-05-14]Bitcoin’s surge fuels fears of asset bubble (Read 4275 times)
Same stuff I've been reading since 2010. Yawn.
Those who are not aware of Bitcoin milestone will certainly have fears of asset bubble. This increase of Bitcoin price does not came from nowhere. There is basis for this increase and that is adoption of certain countries. Probably this fear is more appropriate to altcoin market since I cannot see any reason why this coins are increasing.
Bitcoin's price sits somewhat on the higher side, but the real bubble sits in the altcoin part of the market. It's insane how certain altcoins (mainly Ether and XRP) have gone nuts. Both coins are now good for a combined market cap of $16 billion. Obviously, Bitcoin's increase has massively contributed towards their growth as well. It's not that long ago (last year) that Bitcoin had a lower market cap than $8 billion -- what a difference.
Value of unregulated crypto currencies bursts through $50bn
Sky-high valuations for bitcoin have helped the value of crypto currencies burst through $50bn, raising fears of an asset bubble in the unregulated market.
https://www.ft.com/content/ce3ef54e-371b-11e7-bce4-9023f8c0fd2e
Sky-high valuations for bitcoin have helped the value of crypto currencies burst through $50bn, raising fears of an asset bubble in the unregulated market.
https://www.ft.com/content/ce3ef54e-371b-11e7-bce4-9023f8c0fd2e
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