Bitcoin is Just Another Asset Bubble

“Bitcoin…was about a dollar per Bitcoin a couple of years ago. Now it’s $1000…A painting by Francis Bacon called ‘Three Studies of Lucian Freud’ [just] sold for $142 million, which was the highest price ever paid for a painting at an auction….[A] diamond [just] sold for $83 million which is the highest price ever paid at auction for a diamond, and trophy real estate in Manhattan, London, Singapore and Hong Kong have all blown through previous records…So there are asset bubbles [occurring] all over the world.”

- Source, John Rubino via:

http://bullmarketthinking.com/john-rubino-well-get-a-crash-thats-commensurate-with-the-size-of-this-bubble/