PhotoThe other day my barber asked me whether he should put all his money in Bitcoin. And the truth is that if he’d bought Bitcoin, say, a year ago he’d be feeling pretty good right now. On the other hand, Dutch speculators who bought tulip bulbs in 1635 also felt pretty good for a while, until tulip prices collapsed in early 1637. So is Bitcoin a giant bubble that will end in grief? But it’s a bubble wrapped in techno-mysticism inside a cocoon of libertarian ideology.

Source: New York Times January 29, 2018 23:48 UTC