Expert says Bitcoin is ‘the very definition of this financial bubble’

Economist Henrik Zeberg has raised the alarm on Bitcoin (BTC) and the broader crypto market, calling it the clearest example of a financial bubble in today’s economy. According to Zeberg, the speculative frenzy surrounding cryptocurrencies mirrors historical manias driven by breakthrough technologies such as the steam engine and the Dot-com boom, he said in an X post on July 30. Zeberg pointed to a key macroeconomic indicator, the Market Cap to GDP ratio, which currently stands at 213% or 226% when cryptocurrencies are included.  “Just like in all Bubbles, new Technology is the driver of the speculation source: https://finbold.com/expert-says-bitcoin-is-the-very-definition-of-this-financial-bubble/