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According to analysts Merrill Lynch, bitcoin is the gigantic bubble in history, and it has already begun to burst



Bitcoin is an overvalued asset, and soon its rate will go down to a minimum.



11.Apr.18 3:58 AM
By Abigail Richards
Photo Toinnov.com

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According to analysts Merrill Lynch, bitcoin is the gigantic bubble in history, and it has already begun to burst

According to analysts Merrill Lynch, bitcoin is the gigantic bubble in history, and he has already begun to burst. In particular, as rbc.ru writes, analysts of a large investment bank Merrill Lynch say that the first cryptocurrency is the most overvalued asset, soon it will go down to a minimum.

Specialists of the bank published a graph on which the cost of bitcoin is compared with known economic fevers. In particular, analysts reviewed the company Mississippi, which had a monopoly in the French colonies in North America and Western India, the financial pyramid of the company of the Southern Seas in the 18th century, the stock exchange in the UK in 1929, the fever of tulips in the Netherlands in 1637.

After studying all the situations, analysts concluded that bitcoin is the gigantic bubble in history. According to analysts, at the end of December last year, the price of the first cryptocurrency was almost sixty times greater than three years ago. And, the cost of the same tulips grew only forty times.

At the same time, experts say that it is impossible to compare the current drop in the cost of bitcoin to the previous one because in 2017 much more money was invested in the market.




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