Crypto bubble bigger than than the mania - Goldman

Jan. 22, 2018 3:23 PM ETBy: Stephen Alpher, SA News Editor20 Comments
  • The meteoric rise of Internet stocks at the end of the last century and even tulips hundreds of years ago don't even come close to that of Bitcoin, says the team at Goldman. And Bitcoin's price explosion is a mere spec compared to that of other cryptocurrencies like Ether.
  • "While we do not know if bitcoin or any other cryptocurrency will double or triple from prevailing prices, we do not believe that these cryptocurrencies will retain their value in the long run in their current incarnation," says the bank, before returning to the business of launching a crypto trading operation.

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