The craze among celebrities for Bored Ape NFTs suggests speculation has become completely detached from any idea of fundamental value.
Financial bubbles are frequently depicted as manias.
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Until the late 1800s, moments of widespread high-risk financial gambling weren’t considered manias but the results of individual actors, who bore responsibility for the disastrous results.
Painting of South Sea Bubble speculators by Edward Matthew Ward, Tate Gallery.
The real story of the South Sea Bubble and what happened when it burst 300 years ago.
Sira Anamwong / Shutterstock
There are a lot of similarities between the state of tech companies today and when the 2000 dot-com bubble burst.
The Bitcoin bubble is perhaps the most extreme speculative bubble since the late 19th century.
From a peak of US$19,783, Bitcoin’s value has fallen by 80%. What makes Bitcoin worth anything?
In the red.
Markets follow a mix of economic reasoning, human emotion and out-of-control algorithms.
Brexit, bots and jobs and bitcoin are set to dominate economics news in 2018.
Ready to pop?
An analysis of Bitcoin’s fundamentals shows how much of a bubble its price has inflated to.
If you can’t use Bitcoin to buy anything then it has no intrinsic value.
It hasn’t been a good round of earnings for Silicon Valley’s big names.
The change in the price of crypto-currencies, like Bitcoin, and other crypto-assets are due to investors realising the value.
While the current speculation in crypto-currency and assets should make us pause, this is not a speculative driven bubble like tulips, or gold mining stocks.
Bulls dominate Wall Street but behind them always lurks a big bear.
Wall St bull via www.shutterstock.com
Bankers are back to their old ways, putting the global economy at risk just six years after standing at the brink of another Great Depression.
Science, like any other field that attracts investment, is prone to bubbles. Overly optimistic investments in scientific fields, research methods and technologies generate episodes comparable to those…