The Mortgage Professor: Will the bitcoin bubble be validated?
Miami Herald – Real Estate
"You made the case that current house price inflation is not yet a bubble. How about recent bitcoin inflation?" Recent bitcoin inflation is at least 90 percent bubble. Most of the bitcoin purchases that have driven up the price have been speculative, based on the assumption that prices are bound to increase further. The question up for grabs is whether or not the bubble price will be validated by widespread future use of bitcoin as a transaction currency. Bitcoin is a decentralized dig…