bitcoin bubble

Cryptocurrency has had quite an incredible run, with investments making as much as 1,000% and more. the currency surpassed $15,000 recently, growing upwards of $3,000 in only a day and a half. This makes the valuation of the currency almost 15 times more than it was at the beginning of the year. At the time this article was written, coin desk, a popular website in the space, stated that the value of the currency was almost $15,443.


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The rapid rise to fame and high amount of volatility has created a large amount of fear in the market, bringing many economists to think that the currency will soon crash. At a conference held recently, Michael Novogratz, a former hedge fund manger at Fortress stated that “I think this crypto is going to the be the biggest bubble of our lifetimes by a long shot.”

Many who are in the space are choosing to agree with this opinion, as the charts show nothing less than a bubble in the market. This doesn’t mean that people aren’t trying to capitalize on the bubble though. A bubble market is something that will hopefully stabilize after it reaches a high price and then shoots back down. With bitcoin, many people have decided to invest their lives savings into the currency, which could end up being a scary thought to invest in.


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The currency is extremely volatile, and many of the top economists in the world have warned against investing, but to no avail. Those who have chosen to invest have made a large profit on the currency given the extremely high amount of gains, but given that the market capitalization of the currency is so high right now, theres no telling what will happen in the market ends up crashing.

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