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Are Bitcoin and Cryptocurrencies for Real?

“If you’re stupid enough to buy Bitcoin, you’ll pay the price for it one day.” — Jamie Dimon, CEO, J.P. Morgan Chase

“Bitcoin should be outlawed. It serves no socially useful function. It’s a bubble and when the government starts regulating it, it will collapse.” — Joseph Stiglitz, Columbia University

Famous last words!

Like many of you, I’ve been following and even investing from time to time in Bitcoin, the premier digital currency that is making all the headlines.

Its price just cleared $10,000 this week, but with tremendous volatility. The digital currency has fallen in half several times on its way to new highs, but clearly there is a lot of speculative fever in the cryptocurrency mania.

To read the rest of this article on Bitcoin mania, please click here.

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Bitcoin's unparalleled rise this year has spooked some investors and intrigued others. Are Bitcoin and other crytocurrencies here to stay?

archive

Are Bitcoin and Cryptocurrencies for Real?

Bitcoin’s unparalleled rise this year has spooked some investors and intrigued others. Are Bitcoin and other crytocurrencies here to stay?

??If you??re stupid enough to buy Bitcoin, you??ll pay the price for it one day.? — Jamie Dimon, CEO, J.P. Morgan Chase

“Bitcoin should be outlawed. It serves no socially useful function. It’s a bubble and when the government starts regulating it, it will collapse.” — Joseph Stiglitz, Columbia University

Famous last words!

Like many of you, I??ve been following and even investing from time to time in Bitcoin, the premier digital currency that is making all the headlines.

Its price just cleared $10,000 this week, but with tremendous volatility. The digital currency has fallen in half several times on its way to new highs, but clearly there is a lot of speculative fever in the cryptocurrency mania.

To read the rest of this article on Bitcoin mania, please click here.

Written By

Mark Skousen is a college professor, prolific author and world-renowned speaker. He??s made his unique sense of market and investment trends known and respected in the financial world. With a Ph.D. in economics and a focus on the principles of free-market capitalism and ??Austrian? economics, Mark Skousen has often gone contrary to the crowd in his investment choices and economic predictions ?? and has often been proved right.

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