Bitcoin is in a massive speculative bubble, with $95 billion in supposed value that belies the cold reality that all that crypto-green is actually not worth the paper it’s printed on – if there even were paper, which there isn’t. As Steve Forbes says, “you don’t even get a tulip for your speculation.”
And then there’s the Initial Coin Offering (ICO) market – or as I like to call it, ‘scammers paradise.’ What do you get when you combine the madness of crowds, global criminal enterprise, and a dearth of regulation? More illicit ‘wealth’ than even Pablo Escobar could bury in the mountains of Venezuela, that’s what.
Read More Here: https://www.forbes.com/sites/jasonbloomberg/2017/10/28/navigating-past-blockchains-irrational-exuberance/#429b3d0f40c1
