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25
Mar, 2019

Bitcoin is Incomparable to History's Famous Bubbles

Bitcoin economist Saifedean Ammous says that nothing has ever risen as fast and as much as Bitcoin price - which makes it ‘incomparable’. 

 

But comparing it to historic stock market crashes is comparing apples and oranges, argues Ammous. “Bitcoin is a completely new animal, different from all before it,” he says. Your old toolbox for analyzing bubbles, currencies, and stocks doesn’t work on [Bitcoin]. 

 

It is these outdated tools that prevented the likes of Buffet from missing out on one of the best investment opportunities in history.