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Bitcoin, housing and parts of tech are in a dangerous bubble, all-star investor Rich Bernstein warns
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cnbc.comA plunge may be looming for cryptocurrencies, housing and disruptive technology stocks tied to innovation.
According to Rich Bernstein, an Institutional Investor Hall of Famer, the nation's expiring easy money policies and historic supply chain backlogs are posing serious risks for some of the market's most popular investments.
«There's a whole series of bubbles going on right now,» the Richard Bernstein Advisors CEO and CIO told CNBC's "Trading Nation" on Wednesday. "There's a bubble in long-duration assets. That's a common theme."
Bernstein's cryptocurrency warning particularly applies to bitcoin. He said insatiable demand is a classic sign of a bubble.
He speculates a meltdown could resemble the tech bubble. It took 14 years for the
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