Today news
About the same in other media
Bitcoin, housing and parts of tech are in a dangerous bubble, all-star investor Rich Bernstein warns
Reading now: 266
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
Read more on cnbc.comAbout this in other media
Evergrande swerves default again as Chinese developers rally fnlondon.com /2 years ago
UK Treasury and central bank will consult on CBDC, potentially launching by 2030 cointelegraph.com /2 years ago
Bitcoin flippens Tesla and Facebook — will Amazon be next? cointelegraph.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
