The advice on BTC and cryptocurrency from economists surveyed by the Wall Street Journal
- 51 out of 53 forecasters, or 96%, said bitcoin has been experiencing a speculative bubble
- 2 said its recent gains weren't a bubble
Some good quotes in the report:
- "If it looks like a duck, and quacks like a duck, it's a duck," said Diane Swonk, founder of consultancy DS Economics.
- "Bitcoin is nothing more than crypto-tulip bulbs" Sean Snaith, director of the University of Central Florida's Institute for Economic Competitiveness.
(I got bad news for this second guy .... tulips weren't a bubble apparently: Talk about bursting a bubble: Dutch tulip-mania is largely a myth)
The Wall Street Journal article is here ... I don't think it is gated: Is Bitcoin a Bubble? 96% of Economists Say 'Yes'
How's the futures contract faring?
