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Is Bitcoin a bubble? 96% of economists say 'Yes' – WSJ

The Wall Street Journal (WSJ) conducted a survey of economists, expectant of their suggestions on Bitcoin and cryptocurrency.

Key Findings:

51 out of 53 forecasters, or 96%, said bitcoin has been experiencing a speculative bubble.

2 said its recent gains weren't a bubble.

Key quotes in the report:

"If it looks like a duck, and quacks like a duck, it's a duck," said Diane Swonk, founder of consultancy DS Economics.

"Bitcoin is nothing more than crypto-tulip bulbs".

Author

Dhwani Mehta

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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