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Bitcoin Tops $11,000 - Bundesbank Sees No Bubble, Stiglitz Says "Should Be Outlawed"

Tyler Durden's Photo
by Tyler Durden
Wednesday, Nov 29, 2017 - 9:06

Well that re-escalated quickly...

It's been quite a year....

  • $0000 - $1000: 1789 days
  • $1000- $2000: 1271 days
  • $2000- $3000: 23 days
  • $3000- $4000: 62 days
  • $4000- $5000: 61 days
  • $5000- $6000: 8 days
  • $6000- $7000: 13 days
  • $7000- $8000: 14 days
  • $8000- $9000: 9 days
  • $9000-$10000: 2 days
  • $10000-$11000: 1 day

Big dip overnight was bought and as US equity markets prepare to open, Bitcoin just topped $11,000...

Ethereum is also surging - above $500 for the first time in history...


Bundesbank’s Buch Says Difficult to Tell If Bitcoin Is a Bubble

“The question we have to ask ourselves is to what extent there is an overvaluation in a certain market segment, and I tend to shy away from calling something a bubble formation because that’s difficult to assess,” Bundesbank Vice President Claudia Buch says at press conference in Frankfurt.

 

“The question that occupies us is whether these trends are strongly financed through credit and money is used to speculate, and as it’s not a very large market segment there is little information at the moment

Doesn’t currently see bitcoin as a financial stability risk for Germany

While some see broader acceptance of the cryptocurrency...

Joseph Stiglitz, Nobel Laureate and Columbia University Professor, says the digital currency "ought to be outlawed."

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