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Crypto is here to stay, but bitcoin is in a 'massive bubble': Rosenberg
Bay Street veteran David Rosenberg isn’t buying into the hype swirling around bitcoin. In a television interview, Rosenberg, chief economist and strategist at Rosenberg Research & Associates Inc., said that while cryptocurrencies are here to stay, there’s no rational explanation for the massive run-up in the price of bitcoin. “Crypto is here to stay. It has a function in the capital markets. But valuing it is next to impossible,” he said. “So all you really have to do is look at the price, and look at the chart, and you can see it’s a massive price bubble. The chart itself is telling you that.” ... (full story)
