A Deutsche Bank survey of money managers found 90 percent calling the cryptocurrency one of many financial bubbles they foresee popping soon. Even among those, Bitcoin was in a class by itself, with half of the Deutsche Bank respondents giving it a 10 on a 1-to-10 bubble scale.
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Mark Cuban: BTC and ETH are like Amazon and EBay
The billionaire darling of the dot-com era sees a shakeout coming to crypto just as it did to high-flying internet stocks 20 years ago, with few surviving
Dot-com billionaire Mark Cuban said that while a few cryptocurrencies like bitcoin and ether will survive and thrive to become the new Amazons and EBays, most digital assets will burst with a crypto bubble.
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Drink company sees stock soar after name change because people are stupid
The place that gave us Joey Buttafuoco is giving the world another reason to ridicule it. Long Island Iced Tea Corp., a soft drink company, saw its stock more than triple on Thursday after it changed its name to Long Blockchain. We will be patient while you beat your head into a concrete wall after reading that previous sentence. Done yet? No? O.K., just get a bandage and some aspirin and we will try to continue. As we were saying, a company that sweetened water has found a way to lure imbeciles to give it money: a name change that evokes the cryptocurrency revolution. “Long Island Iced Tea Corp. (NasdaqCM:…
