#bitcoin bubble

According to Jerry Brito, executive director of D.C.-based think tank Coin Center, the federal government sees cryptocurrencies as a legitimate, serious, and important part of the economy and society.

The author warned that we are in the biggest bubble in the history of the world. Robert Kiyosaki, the author of the best-selling book Rich Dad Poor Dad, has made some gloomy predictions about the economy.

Nouriel Roubini, the Economist who predicted a housing market crash that brought about the 2008 financial melt-down, cautioned politicians against Bitcoin. 

He said that “Bitcoin is the mother of all scams” and blockchain is the most hyped tech ever. 

The news broke out during Senate hearing on cryptocurrency.

Roubini’s criticism was particularly scathing, although it lacked substance. 

He noted that “Crypto is the mother or father of all scams and bubbles.” 

His insight comes after Bitcoin prices declined from $20,000 USD in December 2017. 

Moreover, he said that the 2017 bubble and its subsequent bust was the first sign.

Find out more about Roubini spreading FUD by CLICKING HERE or following the lower link:

ECB Report Says Bitcoin’s Progress has Eclipsed Bubble Like Behaviour

The European Central Bank (ECB) released a financial review report on Wednesday discussing potential financial instability that could spillover from the US markets. The same report also discussed the volatility in the crypto market but insisted Bitcoin has eclipsed the Bubble phase and is no longer behaving like previous financial bubbles such as ‘Tulip Mania’ and the South Sea Bubble. An excerpt…