Bitcoin is in a bubble, or so they say.steemCreated with Sketch.

in #bitcoin7 years ago

Goldman Sachs warned bitcoin is in a bubble (again). Yes, these are the same guys who peddled junk bonds in the form of mortgage-backed securities to investors while simultaneously shorting them, which fueled the housing crisis. Instead, they want you to keep your money in the "Steady as She Goes" dollar. Even though the dollar has lost 95% of its value in the last 100 years. They forgot to mention that last part. Oops.

purchasing-power-of-the-us-dollar-1913-to-2013_517962b78ea3c_w1500.jpg

Sources:
https://visual.ly/community/infographic/economy/purchasing-power-us-dollar-1913-2013
https://www.coindesk.com/goldman-sachs-warns-investors-of-bitcoin-bubble-in-new-report/

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Bitcoin's limited supply is its best asset.

Agreed! Bitcoin isn't perfect, but it's far better than the fiat system.