and downs and takes way more time than people think. From a valuation perspective, Visa is valued at only 6 per transaction while Bitcoin trades well over 10,000 per transaction (see the chart below). Blockchain technology may someday become a widespread alternative currency. Visas total energy consumption bitcoin là g at 50,000 US households. Since the end of July, Overstock is up 278!
Bitcoin vs history s biggest bubbles: They never end well. Stephen Innes, head of Asian trading at currency broker Oanda, believes bitcoin bubble could go the same way. Bitcoin run has drawn comparisons to the dot-com bubble of the late 1990s. While the sentiment and underlying forces of both bubbles may be similar, their performance is a different story. Bitcoin Bubble to the Dotcom, bubble.
Bitcoins Performance Dwarfs Tech Stocks Run in the 90s, but This Bubble Is Nowhere Near the Dot-Com Mania. That is a drop in the ocean compared to the global forex market, which in 2016 averaged over 5 trillion in daily transactions. Ordering pet supplies online want necessarily a bad idea. Read: What are ICOs? Read more: Heres why UBS is bullish on blockchain, but not bitcoin. Heres why, one defining pillar of a currency is its ability to act as a store of wealth. Returns on the nasdaq index peaked just shy of 1,100 after 1,326 trading days. But its still in its very early stages, and todays cryptocurrencies may suffer the same fate that tech giants like m faced in the dot-com crash. Then news came out that Overstock was getting involved in blockchain technology, accepting bitcoin on its platform, and opening up a cryptocurrency exchange. A common argument for Bitcoin is that a decentralized digital currency has the power to disrupt the fiat monetary system.
Why bitcoin is now the biggest bubble in history, in one chart
Tulip mania: Bitcoin vs history s biggest bubbles
The Bitcoin Bubble Explained in 4 Charts Mauldin Economics