Crypto News 

Money Brain: Bitcoin is still a good bet as long as greater fools are buying

“Using our bitcoin sentiment feed, we charted monthly sentiment about bitcoin in news and social media from 2010 to 2017” writes Richard Peterson for marketwatch.com. As the bitcoin price rises, the energy cost to generate bitcoin naturally rises, similar to the increased energy costs that go into gold mining as its price rises.In general, bitcoin sentiment as of the end of November did not seem excessively high.We wrote our first and only newsletter on cryptocurrencies when the bitcoin price was still under $100.Many rational value investors and financial analysts are…

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Crypto News 

Bitcoin bubble could lead to ‘destructive’ consequences, UBS says

“The bitcoin bubble could be “destructive” in the long term if more people keep pumping money into the cryptocurrency, UBS analyst Paul Donovan told CNBC on Tuesday” writes Arjun Kharpal for cnbc.com. UBS has previously called bitcoin a “speculative bubble.”. “We are now having to start to think about what’s going to be the economic consequence when this bubble bursts.Donovan explained that the rising investment in cryptocurrencies from retail investors could have damaging consequences. Source: cnbc.com Share This:

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Crypto Markets News 

Deutsche Bank Economist Lists Bitcoin Crash As a Factor that will Impact Global Markets in 2018

“A Deutsche Bank economist has said that a bitcoin price crash will be one factor that will impact global markets next year” writes Rebecca Campbell for livebitcoinnews.com. While noting that there hasn’t been one for ‘a long time.’ It’s interesting to see that Slok has listed a bitcoin crash as a likely factor that will impact global markets in 2018.Interestingly, a bitcoin crash is listed as the 13th-highest risk, reports Bloomberg.Torsten Slok, Deutsche’s Bank’s Chief International Economist, has identified 30 risks that investors should look out for next year that…

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Crypto News 

One chart explains why investors have nothing to fear from a bitcoin bubble

“There are several channels through which a bursting asset price bubble can, in principle, have macroeconomic consequences, but none are a major risk in the case of bitcoin,” he says” writes David Scutt for businessinsider.com. And, given that view, Kenningham says any unwind in the bitcoin price is unlikely have any broader consequences for financial markets or the economy.”While a bursting bubble can affect the economy via the banking sector, this is not much of a risk either, precisely because bitcoin is held and traded outside the banking sector,” he…

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Crypto Markets News 

Blowing bubbles: Boom and bust from bulbs to bitcoin…

“A lesser known tale of boom-and-bust is the Beanie Baby craze that occurred around the same time as the internet bubble” writes Richard Carter for yahoo.com. Some fear Bitcoin could become a new bubble (AFP Photo/Karen BLEIER) Tokyo (AFP) – Virtual currency Bitcoin — or “digital gold” to its fans — has enjoyed a gravity-defying rise along with wild price swings, sparking fears it could be the latest financial market “bubble.”. The financial wizardry fuelled a housing market boom as speculators snapped up houses they never intended to live in…

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Crypto Futures News 

CBOE Bitcoin futures live: Will the bubble burst as trading goes mainstream?

“The CBOE futures exchange is set to go live at 6pm Eastern time (11pm GMT), with full trading” writes James Titcomb for telegraph.co.uk. The Chicago Board Options Exchange (CBOE) is set to launch its Bitcoin futures contract, a financial product tied to the Bitcoin, that allows investors to bet on whether its price will rise or fall.Bitcoin faces a potentially momentous moment on Sunday night as trading begins in the first big financial product linked to the cryptocurrency.On Sunday, Bitcoin was trading at 15,557, compared to last week’s highs of just…

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Markets News 

GOLDMAN SACHS: There’s an attractive way to profit from the $1.3 trillion student-loan bubble

“According to Goldman Sachs, the outstanding student loan balance has reached $1.3 trillion in face value, about the size of the high-yield corporate-bond market” writes Akin Oyedele for businessinsider.com. It’s the $190 billion of outstanding loans that are held within asset-backed securities (ABS) refinanced by private lenders such as SoFi.Student-loan asset-backed securities have been popular with investors this year, along with other types of risky credit securities like junk bonds, as the hunt for higher yield intensified.Student loans have grown to become the largest source of consumer debt in the…

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Crypto News 

Is Bitcoin the Most Obvious Bubble Ever?

“To call Bitcoin the biggest and most obvious bubble in modern history may be a disservice to its surreality” writes Derek Thompson for theatlantic.com. If the bitcoin bubble crashes, it likely won’t spill out into the general economy, like the subprime mortgage crisis did one decade ago.The bitcoin bubble has inflated and deflated before, without much macroeconomic effect.There is another important feature of the bitcoin market that could explain both its high valuation and suggest an imminent correction.A good example would be early Internet companies whose valuations soared in the…

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Crypto Markets News 

A bitcoin crash, a burst housing bubble — brace for these 30 risks, says giant bank

“In their list of 30 risks, Slok & Co. warn that a bitcoin crash could hurt the confidence of individual investors” writes Markets Writer for marketwatch.com. On the upside, the positive impact from U.S. tax reform might somehow be bigger than expected, according to the giant bank’s economists.They are also worried about housing bubbles bursting in China, Canada, Australia, Sweden and Norway. Source: marketwatch.com Share This:

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Crypto Futures Markets News 

The bitcoin frenzy right now is like dot-com bubble in 1995, digital currency hedge fund manager says

“If you look at the internet in 1995, that’s where you are in digital currencies,” said Kelly, portfolio manager of the BKCM Digital Asset Fund” writes Dado Ruvic for cnbc.com. Nasdaq, meanwhile, plans to launch its own bitcoin futures as early as the second quarter of 2018.”That being said, there’s a massive runway here digital currencies.”. In addition to trading bitcoin in the unregulated cash market, CME Group and Cboe Global Markets are set to unveil bitcoin futures, which add a layer of federal government oversight.Cboe bitcoin futures are set…

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