Ex Bridgewater Analysts: Bitcoin Bubble Will Burst, But Crypto-Mania Is A Sign Of Far More Dangerous Market Trend

Markets go up, and markets go down – sometimes in a dramatic fashion that can fool investors. Wednesday’s price action in the Bitcoin was quite cryptic. After starting the day just below $10,000, the cryptocurrency rocketed higher early in the US trading secession, topping out near $11,325 before giving back nearly more than a 10% daily gain to go negative, bottoming out near $9,285 before closing just above the flat line on the day. That’s one wild ride. To hedge fund managers Robert Wu and Howard Wang, however, the rise of the cryptocurrency is a sign of something more troubling.

Low-interest rates are partial causation for the Bitcoin bubble, say fund managers

“Our world is more susceptible to asset bubbles...