Bill Bonner: The Cryptocurrency Revolution

Bill-Bonner2

“Old timer Richard Russell thinks we are just at the beginning of the exciting third stage of a market bubble…the fireworks stage…where prices skyrocket, before blowing up.  Who knows? So let’s change the subject…to Bitcoin. Nobody knows anything about Bitcoin either, but everybody seems to have an opinion.  Most innovations fail. But some don’t. We’re not saying that Bitcoin will be one of the successes. It could crash and die tomorrow for all we know. But the promise of virtual money…cryptocurrencies…is, like the telephone, revolutionary.”

http://www.bonnerandpartners.com/the-cryptocurrency-revolution/

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