Bitcoin Bitcoin biggest bubble in history, says economist who predicted 2008 crash Nouriel Roubini calls cryptocurrency the ‘mother of all bubbles’ as it falls below $8,000 Bitcoin has dropped 30% since the start of the week. Photograph: Jack Guez/AFP/Getty ImagesThe economist credited with predicting the 2008 global financial crisis said a 12% fall in the value of bitcoin on Friday was the latest proof that the cryptocurrency was the biggest bubble in history and destined for a crash. Bitcoin has lost more than half its value since hitting a peak of near $20,000 in the week before Christmas. Show Hide Bitcoin is the first, and the biggest, "cryptocurrency" – a decentralised tradable digital asset. “Most of them are even worse [than bitcoin] and don’t have any intrinsic value like bitcoin.

Source: The Guardian February 02, 2018 12:38 UTC