Tagbubble

Goldman Sachs Official: Cryptocurrencies in 'Current Format' Are in a Bubble

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Sharmin Mossavar-Rahmani is CIO of the Private Wealth Management Group at Goldman Sachs and responsible for guiding millions of dollars of fiat investments. According to the transcript of an interview, cryptocurrencies have been a hot topic for the firm with investors highly keen to learn more about them and the blockchain technology they utilize. Whilst the company recognizes the potential of...

Bitcoin ‘Doesn’t Pass the Smell Test’: Massachusetts Securities Regulator

Massachusetts’ top securities regulator cautioned investors against purchasing bitcoin, claiming that it “doesn’t pass the smell test.” Bitcoin 'Doesn't Pass the Smell Test' Speaking with CNBC, William Galvin, the secretary of the Commonwealth of Massachusetts, said that the dramatic rise of the bitcoin price was based entirely on speculation, not real fundamentals. "There is no product here...

Billionaire Investor Carl Icahn Weights in on Bitcoin: "Seems Like a Bubble"

Carl Icahn Bitcoin

Recently, bitcoin hit a new all-time high above $11,000 before its price corrected, and subsequently started clawing back to $10,000. At press time, according to data from CoinMarketCap, bitcoin is back above $11,000, trading at $11,179. The cryptocurrency’s advances, as well as its intense volatility, led various prominent Wall Street personalities to weight in on the cryptocurrency, including...

Novogratz: There May Be a Bubble in Bitcoin, But Bitcoin Itself Isn’t a Bubble

Mike Novogratz Bitcoin price

Legendary billionaire hedge fund investor Mike Novogratz stated that there may be a bubble in bitcoin in certain regions but the cryptocurrency itself isn’t a bubble. As CCN previously reported, Novogratz noted that bitcoin and the cryptocurrency market could become the biggest bubble “of our lifetimes.” “I think this [crypto] is going to be the biggest bubble of our lifetimes by a long shot. To...

Last Stage of Bitcoin Bubble Yet to Occur, Says Economic Professor

bitcoin price crash bubble

According to Panos Mourdoukoutas, Professor and Chair of the Department of Economics at LIU Post in New York who is also contributing to several professional journals and magazines, such as Forbes and The New York Times, when the bitcoin bubble will burst, there will be a final stage, which he calls "mania". The professor explained that every bubble has the same attributes, which is often...

Another Bitcoin Bubble? Think Again.

Disclaimer: The views expressed in the article are solely that of the author and do not represent those of, nor should the be attributed to CCN. Over the past year, the bitcoin landscape has seen dramatic changes. In the beginning of 2015, the price of Bitcoin was $313.92 and today a quick Google search gave me a price of $456.26.  That’s an increase of about 45.34%. But this article is not about...

The $600 Million Altcoin Bubble

Altcoin Bubble

When visiting Coin Market Cap, you can get a clear picture of the current cryptocurrency market. Bitcoin is still the clear frontrunner in this new industry, but there are now more than 100 cryptocurrencies listed on the website for cryptocurrency market capitalizations. It's no secret that I don't see a bright future for most of the altcoins currently on the market, although there are a few...

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