Bitcoin Bubble is One Stage Away From Busting, Federal Reserve Advisor Says

Is Bitcoin (BTC) a real asset or bubble? This question is a continuous discussion. Economists and market pundits have been closely watching Bitcoin mania; some of them are comparing it to teh Dutch Golden Age Tulip Mania, while a few are showing confidence in its future fundamentals.

The debate over the shocking Bitcoin price movement and its ability to exist for the long-term hasn’t settled up. Until now.

Joost van der Burgt, policy advisor at Federal Reserve Bank of San Francisco, however, believes that Bitcoin is a bubble which is close to bursting. The …

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