Bitcoin is one of the biggest bubbles in financial history: Niall Ferguson

Bitcoin is one of the biggest bubbles in financial history: Niall Ferguson


MARIA: WELCOME BACK, BITCOIN FEVER RAGING CRYPTOCURRENCY ANOTHER ALL TIME HIGH JOINING THE REST AS WELL AS ASCENT OF MONEY, NEIL GOOD TO SEE YOU THANKS FOR JOINING US.>>NICE TO BE BACK.>>GIVEN YOUR WRITINGS IN TERMS OF MONEY LOOKING AT OVERLY FINANCE MINISTER SERVICES SECTOR WE WANT TO KNOW WHAT YOU THINK OF BITCOIN.>>NOT — MANIA SORRY JAMIE DIMON NOT RIGHT ANALOGY LOOKS LIKE A CLASSIC BUBBLE ONE OF OF 18TH CENTURY SEA BUBBLE THIS IS A FINANCIAL INNOVATION EVERYBODY HAS GONE CRAZY ABOUT GO BACK 1719 TO 1720, COMPANY IN LONDON MISSISSIPPI COMPANY IN PARIS BITCOINS OF THE 18TH CENTURY, BUT THERE IS ONE LITTLE SNAG TO THIS ARGUMENT THE REASON I AM NOT YOU KNOW DESPERATELY SHORTING BITCOIN THAT IS THE POSSIBILITY THAT BITCOIN BECOMES DIGIT GOLD FOR THE WORLD MILLIONAIRES A CALCULATION IF 1% OF ASSETS INTO BITCOIN PRICE SHOULD BE 16,000 DOLLARS NOT 16 OR 17,000, I AM NOT READY TO SAY OI I THINK GOING TO CORRECT GOING TO BE A REGULATORY CHANGE, AND THEN HEADLINES WILL BE BIT ONE I DOUBLE BURSTS.>>BUTT COIN ISN’T REGULATED THE — BITCOIN INDEPENDENT OF GOVERNMENT, AND INFLUENCE OF IT ONLY PART REGULATED IS FUTURES.>>THE WINKLEVOSS BARRIERS HERE TWO DAYS AGO SAID WE ARE REGULATED.>>THE GOLD IS NOT REGULATED GOLD HAS FUTURES DOESN’T PRODUCE INCOME, IT IS A STORE VALUE BIT COPY A STORE OF VALUE.>>IT IS ALSO TO REALIZE HOW ICO MARKET THAT WILL SUFFER SOME REGULATORY HIT PROBABLY ONE SAFETY PREDICTIONS FOR NEXT YEAR THE ICO MARKET WILL CRASH THAT WILL HURT BITCOIN ONLY WAY TO BUY IN IS WITH BITCOIN — PROBABLY DOWNSIDE THERE YOU TRAVEL WORLD TALK TO PEOPLE OUTSIDE UNITED STATES EMERGING MARKETS LESS SECURITY HOLDING SOME WEALTH IN BITCOIN DID YOU FEEL FROM GOLD DIVERSIFICATION THERE.>>TRADING IT ALL THE TIME.>>. DAGEN: THE TROUBLE IS SO DO BAR TENDERS ACROSS SOUTHEAST A FRIEND SAID AND EVERY BAR I GO INTO BARTENDER WANTS TO TALK BITCOIN.>>– ABOUT I JUST USE THAT AS AN EXAMPLE. MARIA: I WENT TO FOR MR. YOU HAVE THE SHOP THEY SAID MY SON IS INTO BITCOIN EVERYBODY TALKING ABOUT IT.>>MY TEENAGER SON THREE YEARS AGO TOLD ME SHOULD I BUY BIT COUNTY TEENAGERS EARLY NOT PARTY LATE COMEERS PEOPLE READ BUT A FEW WEEKS AGO SURE SIGN GET STUNNING WHEN CORRECTION SEEMS SURELY WILL.>>DIFFICULT TO SHORT BIT KOUN, UNTIL RECENTLY YOU MENTIONED SHORTING IT HOW DO YOU DO THAT, WHAT EXCHANGE DO YOU GO ON HOW DO YOU SHORT.>>NOW THAT THERE IS A FUTURES MARKET INTERESTING THING THAT IT RALLIES TO UP THAT, SO CORRECTS I AM SURE WE ARE GETTING CLOSE TO IT FINANCIAL HISTORY TELLS US THIS HAS TO QUIT BIG TIME SOON PARTICULARLY WHEN TAXI DRIVERS TALKING ABOUT IT ON YOUR WAY TO STUDIO, RIGHT.>>YOUR THOUGHTS ON GLOBAL ECONOMY YOU HAVE DONE A LOT OFFO LOT ON CHINA.>>BOOUG STORY KEEPS GROWING I GOT BACK FROM CHINA DEFINITELY GOING TO BE NORTH OF 6% A LITTLE BIT, 6.8% THAT MEANS THAT YOU CAN’T REALLY BE TOO PESSIMISTIC ABOUT 2018, ANYBODY TELLS YOU CHINA THAN CHINA CRASH.>>MAKES A LOT SENSE, GREAT TO

23 thoughts on “Bitcoin is one of the biggest bubbles in financial history: Niall Ferguson”

  1. Bitcoin was a bubble years ago to now at ,$100, $700, $1000, $10000 and now at $17000. Given this, you would have to say that gold is also a bubble.

  2. The tired shoeshine boy myth. That was a BS anecdote from Joe Kennedy who was a notorious market manipulator. The markets crashed because he caused them to; not because of some stupid shoeshine boy.

  3. Niall Ferguson was trained and brainwashed to think inside the bubble not outside. Niall is a work 9-5 guy, rent an apartment, live a dull boring life and never ever take a chance in life.

  4. Free $10 of Bitcoin with your first $100 investment! Here’s my simple “how-to” guide to help get you started: https://medium.com/@lrbecke2/the-beginners-guide-to-buying-bitcoin-cryptocurrency-16cce85e76ee
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  5. gold?? why gold ??? then peace of papers who is he???? now its digital okay at least it is more useful than before but the funny thing tho the media owners still think they are still in charge by repeating "a bubble" .

  6. I've been in crypto for years and have known about bitcoin fairly early. Not $0.10 early but under $20 early.

    I say this because it seems too many newb "investors" want to pump this poor asset, to the point where it might be in the worst bubble yet.

  7. And oh dear look at that, worth a third as much six months later today as it was when this aired and still falling. quelle surprise.

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