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Why Bitcoin Is Doomed to Fail

The bubble will burst, just wait for it.

“Bitcoins are not a real investment; they are bets inside a casino. If the price goes back up, don’t be fooled. In thrune parlance of popping investment bubbles, it’s something called a ‘dead-cat bounce.’ People who are desperate to keep the game going rush back in, hoping to bring the price back up, but it never lasts”. — Kurt Eichenwald

“Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception”. — George Soros

“Quick and easy wealth often ends in quick and easy despair”. — Jeffrey D. Sachs

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