Think carefully before buying Bitcoin – and don't buy the 'safe haven' claims
- Written by Lee Smales, Associate Professor, Finance, University of Western Australia
The sharp rise and subsequent fall in Bitcoin’s value places it among the greatest market bubbles in history. It has outpaced the 17th-century tulip mania, the South Sea bubble of 1720, and the more recent Japanese asset price and dot-com bubbles.
The rapid price rise garnered attention from an increasing number of academics and investment...
