How Far Could a Bitcoin Crash Fall?

There are two types of stock bubbles – normal stock bubbles of five years or so and shorter-term, more extreme bubbles – and we’re currently in the midst of both kinds.

Both are characterized by irrational behavior…

A complete break from any fundamentals.

On Thursday, I’ll talk more on Thursday about how this is the case with the stock bubble. But today, let’s compare the cryptocurrency bubble to five other quick-and-nasty bubbles that have wiped out investors in the past. I’m talking, of course, about the tulip bubble, the South Sea and Mississippi bubbles,the internet bubble, and the recent China bubble. All of them have something in common, and that’s really bad news for those latecomers to this Bitcoin bubble.

Listen to my latest video for the details…

Link: https://www.facebook.com/EconomyMarkets/videos/1680829948634855/

The thing with this crypto bubble – and all the bubbles, stock and short-term alike, that have come before it – is that it ultimately results in a shakeout. It destroys all the flotsam and jetsam lurking in the market in question. And it presents once-in-a-lifetime wealth-building opportunities.

Take Amazon (AMZN) for example. During the dot.com boom it went to $113 per share. Then the crash brought it tumbling down to just $5.50 a share – down 95%. It survived though, and today one share goes for more than $1,300. That’s a 240 times gain!

The same kinds of opportunities will present themselves once this crypto bubble has burst. We believe one cryptocurrency in particular is in a good place to survive the shakeout ahead. Think of it as the Amazon of the cryptocurrency world. We recently shared details of this little gem with Boom & Bust subscribers in fournew special reports. If you haven’t seen them yet, you can find them here.

Harry
Follow Me on Twitter @harrydentjr