Bitcoin is the greatest bubble in history, bigger than tulips, the South Sea Company and gold — and now it’s popping
The greatest bubble in history is popping, according to Bank of America Corp.
The cryptocurrency is tracking the downfalls of the other massive asset-price bubbles in history less than one year out from its record, analysts lead by Chief Investment Strategist Michael Hartnett wrote in a note Sunday.
The cryptocurrency has fallen more than 65 per cent since peaking in December at $19,511. Bitcoin rose 2.2 per cent to $6,750 on Monday.