Bitcoin’S Almost Five-Fold Climb In 2017 Looks Very Similar To Tech Bubble Surge

Many digital currency enthusiasts agree there is speculation in the digital currency.
Bitcoin’s meteoric surge this year comes as many on Wall Street are becoming more interested in the digital currency and the blockchain technology behind it.
Here are a few of the alarm bells sounded this summer:By percent change, analysis from Bespoke Investment Group shows how bitcoin’s surge has already well surpassed that of any major stock market bubble.
Source: Bespoke Investment GroupThat said, some well-respected names on Wall Street have also issued positive reports on the digital currency.
“Ader said he used the Nasdaq telecom index since many of those stocks led the Nasdaq composite’s overall gains during the tech bubble.

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