Cryptocurrencies: Bubble Or A New FX Frontier? – Investing.com
- Date: 17-May-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Cryptocurrencies: Bubble Or A New FX Frontier? – Investing.com
This article was written exclusively for Investing.com.
As technology stocks exploded to remarkable heights in the 1990s, Fed chief at the time, Alan Greenspan, called the price action “irrational exuberance.” But today, that term seems too mild for the trajectory of the digital currency asset class over the past months and years.
In 2010, a token sold for five cents. At the recent high of over $65,500 on Apr. 14, a one-dollar investment back then in the leading cryptocurrency was worth over $1.3 million.
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