There were signs during the last bull market that showed cryptocurrencies were about to take a turn for the worse, as it has been for some time now, and while this current market has been somewhat discouraging it is also a necessary part of the stabilization that will eventually see cryptocurrency markets become mainstream. With this…
Howard Marks, who famously predicted the dotcom implosion, warned investors to stay away from cryptocurrencies. He compared them to similar “bubbles” of the 17th century Tulip mania and 18th century South Sea Company. Marks is hardly the first to dismiss Bitcoin’s epic rise as a mere bubble – the economic term to describe a highly-positive…