“With the price of bitcoin moving toward $12,000, a top economist on Tuesday sent a stark warning to investors: The cryptocurrency is in a “dangerous speculative bubble.” Roach suggested that exchange legitimization makes bitcoin “somewhat dangerous” for investors, given what he described as a “lack of intrinsic underlying economic value to the concept.”
Stephen Roach, Economist · Bitcoin since: +544%
As published by CNBC
A little perspective.
Bitcoin on that day$11,617December 4, 2017
$100 at that price$643.98At our latest price check
Illustrative value using a Bitcoin price of $74,810, checked Nov 10, 2026, 8:11 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Keep the receipt.
Bitcoin Is Dead. “Bitcoin Is A Dangerous Speculative Bubble” — Stephen Roach, CNBC, December 4, 2017. Bitcoin: $11,616.86. https://bitcoindeaths.com/posts/2017-12-04-bitcoin-is-a-dangerous-speculative-bubble