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null The Bitcoin Bubble: Invaluable but Overvalued

The Bitcoin Bubble: Invaluable but Overvalued
04 Jul 2018
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Clock 25 mins.
CATEGORIES: AER Public Global Cryptocurrencies
Ignacio de la Torre
Leopoldo Torralba
After the launch of the first Bitcoin futures last week the total market capitalisation (number of Bitcoins multiplied by their price) has reached $300 billion. In this report we try to analyse whether or not this phenomenon is a bubble. When asked whether the Bitcoin situation is a bubble, many technologists reply stating that Bitcoin is ‘invaluable’. Something similar was said of the ‘tech’ in 2000 as with many Nasdaq stocks; they were invaluable, but they were overvalued.
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