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Bitcoin is tulip mania 2.0—not gold 2.0: Schiff

March 1st, 2016 | by BTC News
<b>Bitcoin</b> is tulip mania 2.0—not gold 2.0: Schiff

Bitcoin is tulip mania 2.0—not gold 2.0: Schiff
The Winklevoss twins may say that bitcoin resembles "gold 2.0," but CEO of Euro Pacific Capital and Peter Schiff says the somewhat mysterious online currency more closely resembles tulip mania 2.0. "A bubble is a bubble," he said. "And there's a bubble …

Bitcoin bubble re-inflates
The rush of activity led Mt. Gox, a Japan-based exchange that claims to handle 80% of Bitcoin trade worldwide, to halt trading. Prices came down sharply when trading resumed, leading to speculation about whether the Bitcoin bubble had finally burst.
Read more on CNN

Bitcoin bubble grows and grows
To the long list of asset bubbles – from tulips to the South Sea Company, from dotcom stocks to US housing – economic historians may soon be adding a virtual “currency” called Bitcoin. But while it is bankers who are most often blamed for blowing up …
Read more on Financial Times

Bursting the bitcoin bubble
I explained that no Serious Economist thinks bitcoin will ever be a real currency, and that the runup is a bubble. Eric replied by telling me that the value of a bitcoin will “for sure” hit $ 10,000, “maybe” $ 100,000, and “perhaps” $ 1,000,000. My …
Read more on The Globe and Mail

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