Bubblicious
Bitcoin Balloons on Overheated Air
The cryptocurrency has returned 351 percent annually since its inception in July 2010. Tulips, anyone?
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Ever since the dot-com and housing bubbles popped in 2000 and 2008, spotting bubbles has become a national obsession. Investors have spotted bubbles in bonds, credit, equities, gold -- you name it -- over the last several years.
I wouldn’t use the B-word to describe any of those investments -- yet. In fact, I wouldn’t even nominate any of them for Most Likely to Bubble Over. I would give that distinction to a certain cryptocurrency that is quickly making its name and fortune: Bitcoin.