Beware Of The Bitcoin Bubble: Investment and Financial Advisors Warn

Beware Of The Bitcoin Bubble: Investment and Financial Advisors Warn

A visual representation of the digital Cryptocurrency, Bitcoin on October 24, 2017 in London, England. Cryptocurrencies including Bitcoin, Ethereum, and Lightcoin have seen unprecedented growth in 2017, despite remaining extremely volatile. (Dan Kitwood/Getty Images) Hockey stick-shaped price action is one of the telltale signs of a bubble. Bitcoin’s sevenfold rally this year fits the bill. It started the year at $973 and rocketed north of $7,245 as of Friday, up 644% in 10 months. In Zimbabwe — the currency crisis mecca — the cryptocurrency blasted to $12,400 on Halloween. Investment strategists and financial advisors warn Bitcoin is another bubble […]