BitcoinBitcoin is THE hot finance topic these days.  

Especially since Bitcoin Futures begin trading as GXBT on the Cboe Futures Exchange and as BRR on the CME.   According to various sources on the web, it took 1789 days for Bitcoin to go from $0 to $1000. It took 10 hours to see it climb from $14,000 to $15,000 a few days ago.

Massive Bitcoin Volatility

Larry Berman, the host of Berman’s Call on BNN :

The underlying volatility is massive.  The puts and call premiums are going to be huge.  He does not believe there is an underlying derivatives market.  It is not a mature market.

He also advises not to trade futures in Bitcoin :

Don’t trade futures in Bitcoin because of the leverage.  Leave it to the professionals.

On his own blog, Larry Berman recently published 2 interesting posts about Bitcoins :

Notable Bitcoin-related Opinions from Experts

There is a lot of speculation on Bitcoin, Crypto currency and Marijuana, where valuations make no sense and this is a sign of a top.

We have seen this movie before. A speculative run-up in the market, and things like Bitcoin are a symptom of a manic approach

The rise has been unbelievable.  The primary concern right now is that it is unregulated.  He is concerned about how regulation could affect it.

The rise has been unbelievable.  The primary concern right now is that it is unregulated.  He is concerned about how regulation could affect it.

The Bitcoin Bubble

In June 2017, when it was worth $2,600 US, Larry Berman was already calling Bitcoin a bubble :

Back to about 2010 when it first started trading, it was worth pennies.  We are at 2600 today.  There is a bubble here.  When it breaks you will get a correction like in 2013, at least 50% and then perhaps it is something to own again.  He thinks we will eventually be a paper-currency-less society.  This is not a currency.  Currencies don’t fluctuate like this.

Today (December 12th 2017) it’s worth $17,856 US.

I guess we can still call it a bubble!

The thing we don’t know is when the bubble will burst.

When will it burst? Make your bet!