Bitcoin Mania

Joe Kennedy was a wealthy Wall Street investor in 1929, and he famously said he exited the market before the crash when a shoeshine boy started giving him stock tips, as there were no more "greater fools" to join the party. ​

Over the last few weeks, I've taken more questions about Bitcoin than any other topic this year - seriously!!  An Uber driver told me he had bought a Bitcoin, he watched the market every day and he was making more money than driving a car.

​Apparently, the only way is up. 

On Tuesday last week, Bitcoin became the "largest bubble in the history of the world", surpassing the tulip mania of 1634-1637. I have no idea what tulip mania even was , just like I have no idea when this new mania will end.

It was called a bubble at $1,000 so what is it at $20,000? Holy smoke, the price was just $3,200 in September.

Quoting the Zero Hedge newsletter reporting this historic moment:

"We just wanted to experience a moment of true zen serenity, knowing that we now stand in proximity to an asset bubble the magnitude of which has never before been observed by humanity. Thanks central banks!"
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Want to know more about Bitcoin and crypto currency in general.

Here is a pretty good explanation