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US

Shiller says bitcoin is the best example of a bubble in the market today


China announced a ban on initial coin offerings on Monday which caused cryptocurrencies to stumble briefly. This ban could go beyond ICOs based on the language of the ban which may include cryptocurrency exchanges. But that isn’t the only blow to cryptocurrency this week. Nobel prize-winning economist Robert Shiller said bitcoin is the best example of a bubble in the market today. Shiller is known for calling the last two bubbles before they happened and as the author of “Irrational Exuberance.”

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