bitcoin bubble

World economy 18th January 2021

Bitcoin: Why The price Has Exploded – And Where It Goes From Here

Andrew Urquhart via The Conversation | Bitcoin achieved a remarkable rise in 2020 in spite of many things that would normally make investors wary. From a year-low on the daily charts of US$4,748 (£3,490) in the middle of March as pandemic fears took hold, bitcoin rose to just below US$30,000 by the end of the year. There are plenty of very bullish forecasts for the bitcoin price in 2021. Tyler and Cameron Winklevoss, the founders of leading crypto exchange Gemini, believe bitcoin will eventually hit US$500,000 per coin, while a Citigroup analyst suggests a price of US$318,000 by December 2021.

Markets 9th July 2018

The Bitcoin Bubble: Invaluable but Overvalued

Ignacio de la Torre and Leopoldo Torralba (Arcano Partners) | Regarding Bitcoin, we are reaching a point where there is great confusion between the price and the value. If I buy a Bitcoin at $6,000 I would expect a higher value that justifies the greater risk that comes with it (it is extremely volatile, over 60%; while the volatility of currencies like the euro or dollar are less than 3%).

World economy 7th January 2018

European Central Bank Official Discusses European Recovery, International Role of Yuan

Benoit Coeure, a member of the European Central Bank (ECB) Executive Board, believes the renminbi will eventually become a major international currency. He also warns about the bitcoin bubble, reminding that the bitcoin is not a currency but a speculative investment.

Crytocurrencies turn ten years; 2019 could be the year of tokenization

World economy 12th December 2017

Bitcoin From A Market Monetarist Perspective

Bitcoin seems on an unstoppable tear. Rising from about USD 700 in January 2017, to about USD 11,000 in early December and now to about USD 15,000 as of mid-December, the cryptocurrency has ‘crushed its enemies, and seen them driven before it’. Many commentators claim Bitcoin is a bubble, after all, so the thinking goes, what do markets do but arbitrarily rise, and then randomly crash, causing havoc?

Markets 14th September 2017

Bitcoin And Other Cryptocurrencies, Under Suspicion of A Bubble

The People’s Bank of China (PBoC) issued last week a statement banning ICOs, while also planning to shut down local cryptocurrency exchanges. In order to combat capital flight, money laundering and other fraudulent activities, Chinese authorities have decided to disallow trading between fiat currencies and digital currencies within China. This has led to prices of cryptocurrencies such as bitcoin sliding over the weekend.