Speculative asset bubbles have been reported since Roman times. They doubtless go even further back, because they stem from an intrinsic flaw in human nature: we like to think that we are onto a winner - and when we are, we do not like to consider that things could go wrong.
Investors' current infatuation with digital currencies looks like a bubble to us. The best-known is Bitcoin, although there are now more than 1,000 in circulation, including Ethereum, Ripple and Dash. ...
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