Detailed text transcripts for TV channel - FOXNEWS - 20171224:15:35:00
Bitcoin was a bubble at $30, bitcoin was a bubble at $100, at 500, a thousand, 5,000, 10,000 and now we're at a bubble at 17,000. you know, golds been a bubble for thousands of years but the bubble framework is really not correct to put against bitcoin. when you think of a company and their stock price. if they produce x amount of unit s one year and the same amount of units the next year and the stock price goes up and the economic productivity hasn't changed the cash flows haven't changed of the company we say that company is overvalued but bitcoin is not a company. it is a network and the v...
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