won't happen overnight.". Yet that is exactly what Bitcoin has done, swelling from 34 on March 3 all the way up to an intraday high of 147 a month later. Amazons stock in 2000 peaked at 113 a share with little sales and earnings to justify the market capitalization of the company. At the time, each share was selling for well over 2,000 each, making everyone who had been around since the beginning extremely rich.
CryptoOracle: View bitcoin like, amazon after 1990s dot-com
And that would be consistent with a mature economic cycle. This Fed and global central bank bubble has been totally artificially driven by unprecedented QE and zero interest rate policies for.7 years now. This morning, safety triggers shut down trading of Bitcoin futures because prices had soared too high too fast! When I sat down to write one of my first columns for 2018, I looked at one of my favorite sites,. Show chapters, lest anyone think they live strictly in the domain of underground computer geeks, no less a source than Art Cashin, the well-respected market veteran and director of trading floor services at UBS, addressed the craze in his morning note to clients.
First bitcoin transaction
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