Bitcoin speculative bubble is bursting and has a long way to fall, economists warn
by Martin Farrer from Technology | The Guardian on (#3DKCW)
Despite losing 40% in a matter of weeks the cryptocurrency still has further to drop according to experts at Capital Economics
Bitcoin has all the hallmarks of a classic speculative bubble and even after almost halving in value in a matter of weeks it still has further to fall, according to a leading team of economists.
As regulators in South Korea again signalled on Thursday that they were considering a ban on cryptocurrency exchanges, Capital Economics also dismissed claims that bitcoin and its imitators could replace established currencies as "rubbish".
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