Friday, October 20, 2017
Search local News Headlines in your area now! | Login | Create a free account
Share |

Bitcoin's price bubble will burst under government pressure | Kenneth Rogoff

The cryptocurrency is up 1,600% in two years – but state efforts to remove its near-anonymity will undermine its popularityIs the cryptocurrency bitcoin the biggest bubble in the world today, or a great investment bet on the cutting edge of new-age financial technology? My best guess is that in the long run, the technology will thrive, but that the price of bitcoin will collapse.If you haven’t been following the bitcoin story, its price is up 600% over the past 12 months, and 1,600% in the past 24 months. At over...

Read Full Story.

News Posted By: theguardian - Monday, 9 October