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Bitcoin is Incomparable to History's Famous Bubbles
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It is these outdated tools that prevented the likes of Buffet from missing out on one of the best investment opportunities in history.