1252 days ago • Posted by Charles-Henry Monchau
Bitcoin: plenty of bubbles along the way but they were all buyable...
Charlie Bilello: "When most people call Bitcoin a bubble, they are really saying it’s worthless, assuming that when bubbles burst they go to 0. But that doesn’t have to be the case, as we saw with the Nasdaq and the Housing bubbles which both crashed and then ultimately recovered to hit new highs. If Bitcoin is trading at the same value a few years from now, but rallies and crashes many times in between, was it a bubble? How much does it need to go down and how long does it need to stay down for to meet the definition?"
