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/