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Bitcoin boom indicates why Australian economy will get worse

From news.com.au

All I’ve been thinking about is bitcoin. It has gone through the roof. The price of a bitcoin was over $A50,000 for a day or two over the weekend. I’m incredulous (although I own a small fraction of a bitcoin, so I’m not angry). Surely when the price of a bitcoin goes over $A50,000 that is a sign of speculative insanity. I mean, bitcoin isn’t really useful, not at all. This is a bubble. Surely. Surely, surely, surely. And it’s not just bitcoin. The world appears to have gone mad, because if you look at stock markets around the world, they’re hitting new records too. And all this is happening as coronavirus gets ... (full story)

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  • Category: Fundamental Analysis