The rapid increase in the price of cryptocurrencies in 2017 has led to most people fearing the formation of a bubble and its impending explosion. What people need to fear are the bubbles in equity markets and real estate, not cryptocurrencies.
The genesis of All Time Highs in multiple asset classes can be traced to the 2008 financial crisis.
Post the collapse of Lehman Brothers and the ensuing financial mayhem, central banks around the world resorted to quantitative easing - a euphemism for the unrestricted printing of fiat. It was rationalized saying that the wheels of the financial system of the world had become stuck and needed to be "greased" to get them moving again.
"This easy money policy of Central Banks propped up asset prices, preventing people who had investments from seeing their financial worth getting wiped out".
Full story at http://bit.ly/2wyI31s
Source: CoinTelegraph
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