“‘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
Related posts:
Airbnb might be closer to accepting Bitcoin: CEO requests opinions
US, Turkish Troops Headed For Military Showdown In Syria
Bitcoin Still A Bit Player For Hedge Funds
US War on Your Passport Continues
Iraq: The ‘Humanitarian Catastrophe’ That Petered Out
Charlotte's Web and Zaki's Journey
Idaho Deputy Gets the Boot for Criticizing Megaload Ticket Blitz
Our Immigration System Is Leaving Iraqi and Afghan Translators to Die
Obama And Biden Spoke Out Against Military Action Without Congress In 2008
A letter to my family and friends about the NDAA and me.
Reality Check: President Obama’s Rules For Assassinating U.S. Citizens?
White House refuses to accept that NSA phone dragnet is illegal
Adam Kokesh Blog Statement On Arrest
The Colorado Shooter Was on Psycho Drugs
Prison Phone Call Industry Will Fight New FCC Rules Lowering Inmate Rates