Isn't this the same rhetoric these guys have been spouting for years?, wonder how many years bitcoin has to consecutively increase before they change their tune?
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Isn't this the same rhetoric these guys have been spouting for years?, wonder how many years bitcoin has to consecutively increase before they change their tune?
Robert Shiller, 1996: the stock market is in a speculative bubble.
Media, 1998: So, Shiller, the stock market is up, you were wrong.
Stock market, 2000: Implodes.
The fundamental property of an asset bubble has been met for most of Bitcoin's existence: people are only buying it because they think it will go up in price, not based on the value that its network provides.