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02/18/2018 / By Ethan Huff

Roubini: Bitcoin is “much worse” than tulip bubble mania… “zero intrinsic value”

As excitement returns to the crypto world with Bitcoin rising in value to back over $10,000 per “coin,” as of this writing, a professor of economics at New York University (NYU) has a much gloomier perspective. According to Nouriel Roubini, Bitcoin is “the mother of all bubbles,” and one that he suspects is even worse […]

02/15/2018 / By Ethan Huff

Wall Street Journal confirms: Bitcoin is a BUST

Is Bitcoin on the down and out? The Wall Street Journal (WSJ) seems to think so, as writers Steven Russolillo and Kenan Machado recently published an article entitled “Bitcoin Is Falling Fast, Losing More Than Half Its Value in Six Weeks.” The article sends a doomsday message to readers about the future of the popular digital […]

12/06/2017 / By Ethan Huff

David Stockman calls Bitcoin a “runaway bubble” in the throes of “mania” headed toward its own demise

Financial figurehead David Stockman has issued a stern warning for everyone involved, or considering involvement, with Bitcoin. In his personal view, the popular cryptocurrency is currently in the throes of a major bubble, and at some point soon it will eventually become so large that it finally bursts – to the financial detriment of millions. […]

11/15/2017 / By Ethan Huff

Peter Schiff exposes Bitcoin bubble: “There’s no real value in Bitcoin”

Investment guru and financial expert Peter Schiff isn’t convinced that the popular online cryptocurrency Bitcoin is really worth what the market says it is. During a recent interview with Scott Gamm on The Street, Schiff contended that Bitcoin holds no real value because it isn’t backed by anything other than people’s trust, and that at […]

10/30/2017 / By Ethan Huff

Bitcoin comments prove Steve Wozniak doesn’t understand risk: No cryptocurrency is truly legitimate if the underlying source code can be changed

Because of its limited supply with a market cap of 21 million “coins,” the popular cryptocurrency Bitcoin is superior to both Federal Reserve Notes and gold, says Apple co-founder Steve Wozniak. The mathematician-turned-tech guru is insistent that tampering with the Bitcoin supply is impossible, thus making it preferable to fiat currencies that can be printed […]

08/24/2017 / By Ethan Huff

How Bitcoin just proved it is NOT a store of value or a reliable strategy for savings

The recent “hard fork” that took place on August 1, splitting the digital cryptocurrency known as Bitcoin into a second form of new digital cryptocurrency known as “Bitcoin Cash,” is just more evidence that Bitcoin isn’t a reliable store of value, claims Mike Adams, the Health Ranger. In his latest Health Ranger Report, Adams explains […]

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