$83,393.00
2.98%$1,569.60
1.16%$2.03
1.46%$587.14
1.33%$122.49
4.90%$0.999975
0.00%$0.161856
2.56%$0.245798
4.56%$0.630117
-0.38%$1,567.51
1.05%$83,461.00
3.09%$9.36
-0.52%$12.67
1.74%$19.14
3.04%$0.23506
0.29%$0.00001223
2.21%$0.999901
0.00%$2.89
-1.82%$2.18
-0.23%$0.16739
-3.41%$1,879.85
0.92%$315.58
6.26%$6.40
-0.83%$75.88
0.35%$3.58
2.01%$0.999142
-0.00%$4.32
1.76%$15.43
2.79%$0.998819
0.00%$0.676492
12.83%$1,568.25
0.78%$28.05
0.52%$208.51
2.79%$1,669.48
1.23%$53.06
-1.26%$5.21
0.65%$83,397.00
2.86%$0.00000698
2.63%$4.83
2.05%$0.875425
4.25%$22.20
1.93%$2.11
3.47%$31.44
0.94%$1.047
-0.05%$5.10
3.33%$1.00
0.00%$0.087792
0.88%$0.703487
1.96%$15.20
1.29%$258.04
5.96%$1.16
0.06%$135.96
0.09%$3.84
5.83%$0.074356
2.59%$0.02242047
3.03%$4.18
-3.69%$0.997947
-0.21%$4.05
0.58%$83,681.00
3.55%$0.310622
-1.54%$8.05
0.08%$2.45
1.56%$0.183137
-0.56%$0.494594
5.76%$0.180497
0.31%$2.56
2.72%$0.299049
1.77%$83,141.00
2.85%$3.67
2.38%$10.50
1.86%$0.457995
6.88%$0.074589
14.09%$1,325.88
-0.05%$0.665971
0.87%$0.381875
2.52%$1.039
1.39%$0.999616
-0.00%$127.85
5.44%$3.92
-4.93%$0.00001264
14.38%$1,569.95
1.02%$64.96
0.87%$0.01502035
6.82%$0.613118
-1.16%$0.74228
3.83%$0.603671
-4.40%$1,630.76
0.95%$0.874572
2.73%$14.93
2.17%$0.999757
-0.00%$1.00
-0.06%$0.333469
-1.64%$0.999476
0.03%$3,270.51
1.89%$8.26
1.78%$0.163142
7.06%$0.599276
-0.50%$0.079908
1.35%$1,767.79
1.08%$0.422441
3.82%$3,292.18
2.25%$82,478.00
2.60%$586.94
1.29%$0.997947
0.00%$0.72254
-1.69%$0.02083525
9.75%$83,287.00
2.84%$0.01379847
10.16%$0.731132
0.78%$0.0145197
2.10%$0.260125
0.09%$0.99985
0.11%$1,668.47
1.25%$0.00000061
2.98%$0.102196
1.64%$0.160807
0.03%$0.474954
-3.21%$1.97
-1.76%$35.52
-4.15%$28.47
1.73%$0.537801
-1.03%$134.99
4.84%$157.35
4.78%$0.350978
1.29%$1.73
0.38%$0.00005515
2.51%$2.96
0.56%$0.998642
-0.04%$0.527035
1.25%$3.24
-2.31%$1.78
2.94%$0.997478
0.02%$1,633.63
1.14%$0.06924
3.15%$81,739.00
6.82%$0.13072
2.86%$14.21
1.10%$0.249886
3.53%$0.999981
0.01%$0.502227
-3.85%$1.00
0.01%$4.23
1.69%$0.419562
0.88%$1.64
1.45%$0.00487227
2.24%$1.098
-0.24%$0.557778
0.24%$83,368.00
2.86%$0.00751525
0.26%$0.00000042
1.53%$83,229.00
2.26%$0.161844
2.59%$0.416094
10.13%$0.999365
-1.04%$1.08
0.01%$2.47
2.93%$14.06
0.92%$110.66
0.02%$1.11
1.40%$0.132722
2.29%$0.00001942
2.35%$0.999581
0.01%$83,471.00
3.40%$0.999648
0.06%$5.37
2.52%$1,668.07
0.99%$1.78
-1.04%$22.46
-0.55%$0.03852277
-1.94%$5.59
2.91%$0.560743
17.65%$0.071185
-0.09%$40.36
-0.88%$77,106.00
0.00%$1.001
-0.11%$0.076054
4.11%$0.42467
1.59%$1,569.15
1.07%$0.543909
-1.48%$1,569.73
0.99%$1,570.04
1.03%$4.20
0.82%$0.415075
12.42%$0.00625005
-4.06%$0.782026
0.83%$1,647.15
2.02%$0.999563
-0.19%$0.00000158
6.06%$0.999701
-0.01%$0.183254
-0.54%$0.999163
0.01%$0.00005831
-0.36%$0.00371807
2.88%$0.156562
-7.26%$0.134415
67.91%$0.00490483
11.91%$0.318137
2.96%$0.03022848
2.40%$1,567.63
1.37%$0.999785
-0.06%$0.69463
-1.76%$0.140292
-3.13%$0.109692
-29.28%$1,596.45
1.83%$0.02868338
12.86%$2.54
2.25%$1.13
6.87%$3,234.48
2.52%$102.97
2.99%$83,174.00
2.87%$0.228108
4.20%$0.594639
5.56%$0.467038
-1.35%$0.213897
1.68%$83,382.00
3.11%$2.68
-1.00%$20.61
1.88%$1,551.49
0.89%$0.00040761
-1.39%$1.001
0.08%$0.489181
2.08%$0.02886146
-8.63%$21.97
5.15%$0.23993
0.01%$0.171117
0.96%$1,569.55
1.02%$0.976799
-3.47%$19.16
3.16%$0.03335565
0.80%$0.508783
3.73%$0.00255092
12.53%$1,674.80
2.90%$0.998888
0.16%$0.097828
2.65%$0.22699
23.35%$1,656.48
0.93%$13.48
1.92%$0.646637
1.37%$12.99
-2.41%$0.01096435
1.02%$1,717.63
0.99%$83,374.00
2.89%$0.999646
-0.01%$1,706.16
0.95%$2.61
8.78%$1.92
2.08%$0.238788
2.50%$0.02637536
5.73%Reading
Bank of America’s chief investment strategist has termed Bitcoin’s latest bull run the “mother of all bubbles,” claiming that it “blows the doors off prior bubbles,” such as the dotcom bubble of the early 2000s.
Michael Hartnett warned investors in his “Flow Show” of the “violent inflationary price” that has surged the price of Bitcoin and stoked the equities market.
Hartnett is widely reported to have advised investors to “sell the vaccine.” He said that “frothy prices, greedy positioning, inflationary and desperate policymakers, peaky China and consumer all [all] ultimately [a] toxic brew in 2021.”
To be sure, should Harnett have said the same at the start of 2018, just before Bitcoin’s previous bull run came to a calamitous end, he would have been considered prescient.
Bitcoin investors, however, think that things are different this time around. Nic Carter, co-founder of Castle Island Ventures, told Bloomberg in November, that the 2017 boom was partly due to Bitcoin functioning as a means for retail investors to invest in ICOs and exposure to altcoins.
“That’s very much not the case today,” said Carter. The SEC has cracked down on those ICOs, many of them dubious, and the market since attracted long-term institutional investors and sound infrastructure.
I'm buying a full set of the luggage from the darjeeling limited pic.twitter.com/ES4WxAj4Yq
— nic carter 🟧 (@nic__carter) January 7, 2021
That said, Bitcoin crashed along with global markets last March as the pandemic spread. The situation today is not dissimilar: governments must vaccinate their populations to outpace the spread of a new COVID variant.
So, though traders are quick to dismiss reruns of the early 2018 market crash, the Bitcoin market may contend with the same problem that caused its destruction just a year ago.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
BlackRock’s spot digital asset-focused funds generated net inflows for a fifth consecutive quarter, but the value of those assets tumbled by 9% as the price of Bitcoin and Ethereum slumped, the company said in its latest earnings release. As of March 31, the world’s largest asset manager held $50.3 billion worth in ETF digital assets, about $5 billion less than in the previous quarter, according to the release. Still, among asset managers, BlackRock remained the leader in inflows with the iShare...
Ripple Labs and the U.S. Securities and Exchange Commission have jointly filed a request to suspend their respective appeals as they “pursue a negotiated resolution” of their long-running case. As detailed in a filing submitted yesterday to the U.S. Court of Appeals for the Second Circuit, the two parties have already reached an agreement-in-principle, with Ripple CEO Brad Garlinghouse revealing last month that the SEC would be dropping its appeal. Yesterday’s application represents the first of...
The Trump family’s crypto platform, World Liberty Financial, has denied the project sold off millions worth of Ethereum earlier this week at a massive loss, dismissing reports to that effect as “wholly inaccurate.” “The claims that World Liberty Financial has sold any of its holdings are wholly inaccurate,” a company representative told Decrypt Thursday. “WLFI has not sold any positions as currently reported. Speculation to the contrary is false.” Yesterday, reports circulated that the project s...
