Past experience has taught us that market environments that feature cheap financing, easy access to investments, the incentive to engage in speculative activity, and a technological or political “spark” tend to lead to bubbles. Bond prices are so elevated that a quarter of all global bonds are trading with negative interest rates. Tesla now has
Bitcoin has proven to be a phenomenon of the modern financial system that will just not go away. Despite a rollercoaster ride for speculators and holders of the alternative currency, interest in Bitcoin and other cryptocurrencies is again reaching record highs. Bitcoin, along with a range of other cryptocurrencies, have emerged in the last few years with proponents proclaiming
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