Bitcoin, the Biggest Bubble in History, Is Popping – Trending Stuff

The greatest bubble in history is popping, according to Bank of America Corp.

The cryptocurrency is tracking the downfalls of the other massive asset-price bubbles in history less than one year out from its record, analysts lead by Chief Investment Strategist Michael Hartnett wrote in a note Sunday.

The cryptocurrency has fallen more than 65 percent since peaking in December at $19,511. Bitcoin rose 2.2 percent to $6,750 on Monday.

Bitcoin, the Biggest Bubble in History, Is Popping – Trending Stuff

Read more: http://www.bloomberg.com/

Leave a Comment

I accept the Terms and Conditions and the Privacy Policy * for Click to select the duration you give consent until.