Content adapted from this Zerohedge.com article : Source
Bitcoin is on a nice run, up 20% in the past few days, testing the 50 DMA.
This is following a bullish projection by Tim Draper.
Now, we get Bob Schiller stating that bitcoin "bubble" could be with us forever.
Ripple up 35%.
he 90% decline, which lasted 405 days, took prices back to Oct 2013, or 1 month prior to Nov 2013 peak. From Oct '13->Nov '13, BTC gained 621% in a month. That year-long decline was a rollback of 1 month of gains.
In other words, BTC this year rolled-back prices similar to what happened in 2014/15.
We might be seeing the same bottom as 2014/2015.
And as CoinTelegraph reports, Nobel Prize laureate for economics Robert Shiller believes that while Bitcoin (BTC) might be a bubble, that doesn’t mean that it will burst and be gone forever, according to an interview on April 13 with CNBC’s Trading Nation.
"I'm interested in [B]itcoin as a sort of bubble. It doesn't mean that it will disappear, that it'll burst forever. It may be with us for a while."
According to Shiller, there is a “part” of the cryptocurrency “fad” or “bubble” that is political, as people that don’t trust their governments may be tempted to invest.
Non-adapted content found at zerohedge.com: Source
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