Rich Getting Richer and 1929
The Source for Market Opinions
Stay updated with breaking news from Bitcoin Bubble. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Jim Rogers says bubbles are developing in some areas of the market, especially in tech stocks. Rogers also said bitcoin appeared to be in bubble territory. He is bullish on several assets and shared four he would invest in for his daughter in the next decade. Jim Rogers is worried about the state of the market. And he says you should be too. That may seem bizarre considering stocks are near record highs with an economic recovery — which will likely be aide...
This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Bank of America's "Bull & Bear" indicator showed sentiment climbed on a 1-10 scale to 7.1 last week from 6.7 on December 17. This prompted Bank of America's chief investment strategist, Michael Hartnett, to say in a January 7 note that investors were rationalizing "increasingly irrational price action on Wall St." Hartnett laid out six warning signs to watch that could signal a bear market is beginning. Investor sentiment has climbed from rock bottom in Mar...
Here's Why Bitcoin Isn't Like Any Financial Bubbles Of The Past KEY POINTS Bubbles of the past have never recovered, unlike Bitcoin The hedge fund company said 2017, 2020 periods must be viewed as volatility because of price discovery Bitcoin has gone through numerous cycles of incredible price increases and disastrous subsequent dumps in the last 10 years. According to Man Group, a large publicly traded hedge fund company, Bitcoin is like Prometheus from Greek mythology, because every time it got hurt, it kept coming back. “Every time a Bitcoin bubble bursts, another grows back to replace ...