Bitcoin: Bubble of Epic Proportions? - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  
The Equitymaster Research Digest

Bitcoin: Bubble of Epic Proportions?
Aug 14, 2017

  • Could 'the most profitable investment of all time' also be a bubble?
  • Is the recent market correction finally creating opportunity?

On a post-lunch stroll, a colleague told me about a book he's reading about the biggest speculative bubbles of all time...and how he couldn't help but draw a lot of parallels to bitcoin.

He can't be faulted. The way the cryptocurrency has moved in recent years, it does appear to be a bubble of epic proportions.

If one had invested Rs 1,000 in bitcoin in 2010, it would be worth a stunning Rs 60 million today. That's a 60,000 bagger in just seven years.

Little wonder Bill Bonner declared bitcoin 'the most profitable investment in the history of the world'.

But does Bill, like our colleague, think bitcoin is a bubble? Is it a maddening frenzy that will leave wealth destruction in its wake when investors come to their senses?

It's a question Bill's been trying to answer in a series of fascinating articles (read here and here).

To Read the Full Story, Subscribe or Sign In

Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2021
Get our special report Multibagger Stocks Guide (2021 Edition) Now!
We will never sell or rent your email id.
Please read our Terms