12/16/2017

BITCOIN DIGITAL-GOLD BUBBLE?

TOKYO : Virtual Currency Bitcoin or ''digital gold'' to its fans -has enjoyed a gravity-

Defying rise along with wild price swings, sparking fears it could be the latest financial market  ''bubble''.

Bitcoin, was worth just a few US cents when it began life in 2009 and last week changed hands for a staggering US$ 17,000 despite having no central bank backing and no legal exchange rate.

Price surges could be headed the same way as other speculative plays in the past.

So, Here are some of the most wild speculative bubbles in history ranging from tulips to teddy bears:

.- Dutch 'Tulipmania'.
.- Japanese asset bubble.
.- Dotcom madness.
.- Subprime crisis
.- Beanie Baby boom.

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