Cryptocurrency Is The Dotcom Bubble All Over Again - And That Bubble's About To Burst by Max Emelianov

March 5, 2018
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Cryptocurrency is the hottest thing on the web for investors and tech enthusiasts alike. But those of you who are getting into it now should be wary - here’s why.

At the time of writing, bitcoin has a market value of over $200 billion. Coupled with the potential cybersecurity applications of blockchain, this has driven cryptocurrency into the public eye - and the minds of virtually every online investor worth their salt. Stories of people who’ve made millions from bitcoin and its cousins are now commonplace, and everyone now wants a piece of the pie.

If this situation doesn’t already sound familiar to you, it should. It’s a pattern we’ve seen multiple times over the course of history. Most recently, we saw it in the dotcom bubble.

“If you look at the Internet in 1995, that’s where you are in digital currencies,” explains Brian Kelly, Portfolio Manager at BK Capital Management. “I have no idea if bitcoin is going to be the one to prevail. Just like the Internet...As much as I love bitcoin, an asset that goes straight up, investors have to be careful.”

The main problem with bitcoin - and indeed, with all cryptocurrency - is that it....

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