Bitcoin (BTC-USD) in recent days leapt past the symbolic round number of $40,000 and the 50-day moving average of $42,800, as traders hoped for a sustained rebound of the cryptocurrency after a significant sell-off. But the asset is hardly out of the woods, says Vikram Mansharanmani, a lecturer at Harvard University and author of “Think for Yourself: Restoring Common Sense in an Age of Experts and Artificial Intelligence.” Mansharanmani, who recently spoke to Yahoo Finance’s Akiko Fujita for a… Source link
Read More »Stock market is starting to ‘show signs of cracking and bursting’: Harvard lecturer
The explosive growth in passive trading, a fear of missing out, and a blind faith in “celebrity CEOs” have contributed to froth in high growth tech names, according to Harvard lecturer and renowned writer Vikram Mansharamani. Now, the author who made a name spotting market bubbles in his book “Boombustology: Spotting Financial Bubbles Before They Burst,” says another one may be about to pop. “I believe a passive investing bubble has been brewing and may, in fact, have started showing some… Source link
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