Is Bitcoin Bubblicious?

A financial bubble is when a price for a security rises far above its actual value. Now, we can argue the Fundamentals of Bitcoin all day long and make bold calls. But I’m not going to use this blog post to do that (that’s what the internet was for on April 3, 2013). Instead, I’d like to take a simpler approach. Below are charts of major/well-known bubbles. See if they look anything like the recent Bitcoin run.

Bitcoin – $BCOIN $BTCUSD

(Up almost 1000% Year-to-date to the current high)

BCOIN

 

 

 

 

 

 

 

 

The infamous Tulip-mania bubble

(Start to High Return: 5,900%)

Tulipbulbs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The South Sea Bubble

(Isaac Newton return from 1st exit to high: ~500%)

SouthSeaBubble

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nasdaq Bubble

(1999-High return: 150%)

Nasdaq Bubble

 

And now I’ll leave you with the traditional chart with the classic annotations of a typical bubble.

Bubble General

 

 

 

 

 

 

 

 

 

 

 

 

Tags: $BCOIN $BTCUSD $QQQ $MACRO $STUDY

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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