Joakim Book: No, Bitcoin Is Nothing Like the South Sea Bubble

Joakim Book: No, Bitcoin Is Nothing Like the South Sea Bubble

http://stneotsdbt.co.uk/minutes Every asset that moves fast attracts the B-word.  But what the last few decades of research in finance has taught us is that it’s not so easy to spot financial bubbles, at least not until after they collapse. The very fact that we don’t have “successful” bubbles tells us that our definition of bubbles is …

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