Friday, December 6, 2013

Mr Bubbles declares Bitcoin is a Bubble

Alan Greenspan has declared that bitcoin is a bubble and as a currency it has no intrinsic value. This from a man who didn't see the the DotCom bubble forming and who stoked the US housing bubble with the creation of huge amounts of US digital currency, with no intrinsic value.

Dec. 4 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan comments on Bitcoin. He spoke during an interview with Trish Regan on Bloomberg Television's "Street Smart."