No, the Bitcoin Bubble is Not Bursting

Bitcoin doomsayers have once again called it too early. Bank of America Corp., the second-largest bank in the US by total assets, announced that “the greatest bubble in history is popping”. Somehow, it doesn’t seem that way. The price of Bitcoin has broken above the $8,000 mark and has steadily collected gains over the weekend. Yes, this could be just a simple short squeeze before the very imminent demise of the cryptocurrency market, but what has history taught us?
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