“‘You really have to stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven’t been able to do it. But if you ask me, ‘Is this a bubble in Bitcoin?’ ‘Yeah, it’s a bubble.’ People are baffled by this remark. That’s because Greenspan refused to call the housing bubble a bubble, and presided over the dot-com bubble despite seemingly having recognized it as such as far back as 1996, when he made his “irrational exuberance” speech.”
http://www.businessinsider.com/alan-greenspan-bitcoin-comment-reaction-2013-12
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Lieberman, Rove, Kristol Urge Obama to Attack Syria
Why Amazon’s Fighting So Hard for a CIA Cloud Contract
76-Year-Old Man Loses $197,000 Home Over $134 Tax Lien
Local Perceptions and Bitcoin’s Future in Singapore
State Department personnel running amok with drugs and ‘hookers on foreign soil’
Homeland Security to require social media passwords from US visitors
Doubt cast on 1953 U.S. execution of Cold War spy's wife
Documents reveal IRS put Occupy groups on ‘watch list’ too
Jihawg Ammo: Pork-laced Bullets Designed To Send Muslims Straight ‘To Hell'
So Much Cool Science Happening In The Marijuana Industry These Days
Afghan probe into civilian killings stymied by US refusal to cooperate
Bank Of Korea Delivers The Latest Surprise Interest Rate Cut This Week
The Internet Sales Tax: Taxation Without Representation
Gold Producer Write-Downs: Death Sentence or Opportunity?
Feinstein, Chambliss object to proposal to defund NSA mass phone surveillance