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 Bitcoin looks like a bubble, New Zealand's bubble-headed central banker warns

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Bitcoin looks like a bubble, New Zealand's bubble-headed central banker warns Vide
PostSubject: Bitcoin looks like a bubble, New Zealand's bubble-headed central banker warns    Bitcoin looks like a bubble, New Zealand's bubble-headed central banker warns Icon_minitimeSun Dec 10, 2017 5:09 pm
Bitcoin's spectacular gains look like a speculative bubble and the cryptocurrency is too unstable to be useful in the future, New Zealand's central banker said.

Bitcoin looks like a bubble, New Zealand's bubble-headed central banker warns 1512931321774

"It looks remarkably like a bubble forming to me," Reserve Bank of New Zealand Acting Governor Grant Spencer said in interview with TVNZ broadcast on Sunday. "Over the centuries we've seen bubbles, and this appears to be a bit of a classic case. With a bubble, you never know how far it's going to go before it comes down."

http://www.smh.com.au/business/bitcoin-looks-like-bubble-new-zealands-central-banker-warns-20171209-p4yxki.html

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