Published On: Wed, Apr 11th, 2018

Ex-Goldman Sachs Economist: Bitcoin Is Response To World Debt Bubble

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Tetras Capital founder and ex-Goldman Sachs economist Brendan Bernstein has become the latest source claiming Bitcoin will pop the ‘bubble’ of traditional finance.
Bernstein: Bitcoin ‘Isn’t A Bubble’…
In a series of tweets posted on April 10, Bernstein echoed the Bitcoin Foundation’s founding director Jon Matonis in decrying persisting claims Bitcoin has ever been a bubble.
The comments come during the same the week that UK bank Barclays likened the rise and fall of Bitcoin prices to an “infectious disease,” while Time magazine called the potential for the US to legalize Bitcoin ETFs the “clearest sign yet that the Bitcoin bubble has burst.”
While Goldman Sachs has since taken a more nuanced view after a startup it backed, Circle, bought cryptocurrency exchange Poloniex for $400 million in February, Bernstein goes further than most in directly identifying various “real” bubbles caused by the financial system and governments.
 

Many claim that the BTC bubble has burst. BTC isn’t a bubble –it’s a response to the very real bubbles in our economy today.
Govt control of money and the most important price in a capitalist economy–the …

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