Schwab Strategist Dismisses Bitcoin Comparisons to Dot-Com and Housing Bubbles

in bitcoin •  7 years ago 

Jeffrey Kleintop, chief investment strategist of Charles Schwab, told Business insider that if there is a bitcoin bubble, then it is not like dot-com and housing bubble. If bitcoin prices fall, then other bubbles will not be the same as bitcoins are not connected in the economy yet and financial structure is like dot com and housing stocks.

Any result in bitcoin prices will reflect the unique development for bitcoin. He said that Kleintop has many experts and who have differed with those who have called Bitcoin in wait for the explosion. It is not that Bitcoin is a bubble that everywhere he travels all over the world. This Kleintop whose company has managed assets of $ 320 billion.

SOURCE - https://www.ccn.com/schwab-investment-chief-dismisses-bitcoin-comparisons-to-dot-com-and-housing-bubbles/

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