{"id":650218,"date":"2013-04-02T22:57:07","date_gmt":"2013-04-03T02:57:07","guid":{"rendered":"http:\/\/bgr.com\/?p=410256"},"modified":"2013-04-02T22:57:07","modified_gmt":"2013-04-03T02:57:07","slug":"as-bitcoin-prices-surge-worries-about-a-speculative-bubble-mount","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/650218","title":{"rendered":"As Bitcoin prices surge, worries about a speculative bubble mount"},"content":{"rendered":"<p><center><a href=\"http:\/\/bgr.com\/2013\/04\/02\/bitcoin-price-increase-bubble-410256\/\"><img loading=\"lazy\" decoding=\"async\" width=\"620\" height=\"465\" src=\"http:\/\/boygeniusreport.files.wordpress.com\/2013\/04\/bitcoin-chart.jpg?w=620&amp;h=465&amp;crop=1\" class=\"attachment-feed_normal wp-post-image\" alt=\"BitCoin Price Increase\" title=\"BitCoin price chart\" \/><\/a><\/center>Prices of virtual currency <a href=\"http:\/\/bgr.com\/2013\/03\/18\/bitcoin-analysis-cyprus-crisis-382103\/\">Bitcoin have been absolutely surging lately<\/a> but one analyst thinks such a rapid rise is more indicative of a bubble than a genuine boom. ConvergEx Group Chief Market Strategist Nick Colas <a href=\"http:\/\/www.businessinsider.com\/colas-clients-think-bitcoin-is-a-bubble-2013-4\">tells\u00a0<em>Business Insider<\/em><\/a> that the reaction from his clients &#8220;has been pretty uniform: it must be a bubble.&#8221; Colas goes on to say that the price increase in Bitcoins has been\u00a0&#8220;too far, too fast, too new&#8221; and exhibits <a href=\"http:\/\/bgr.com\/2013\/02\/22\/apple-bubble-microsoft-analysis-340425\/\">all the signs of a classic speculative bubble<\/a>. Colas also notes that &#8220;it\u2019s very hard to short Bitcoins, so there\u2019s no real way to express that pessimistic point of view,&#8221; which means that the price of the virtual currency may continue to rise until it experiences a hard landing. The price of Bitcoins, which remained at under $20 for all of 2012, has recently spiked to more than $110 over the span of just a few weeks.<img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheBoyGeniusReport\/~4\/RzuRyC438Dg\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prices of virtual currency Bitcoin have been absolutely surging lately but one analyst thinks such a rapid rise is more indicative of a bubble than a genuine boom. ConvergEx Group Chief Market Strategist Nick Colas tells\u00a0Business Insider that the reaction from his clients &#8220;has been pretty uniform: it must be a bubble.&#8221; Colas goes on [&hellip;]<\/p>\n","protected":false},"author":7438,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-650218","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/650218","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7438"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=650218"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/650218\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=650218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=650218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=650218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}