Bitcoin surges to record high $4,500 — but is the bubble about to burst?
Bitcoin today reached an all-time high, surging past $4,500 for the first time. The cryptocurrency has more than quadrupled in value since December, and experts are beginning to get nervous. Peter Schiff, a longtime opponent to the idea that cryptocurrency has any long-term potential, decries this moment as further evidence that Bitcoin is a bubble about to burst. If you believe him, it’s time to get out, and sooner is better than later. Schiff spoke to CoinDesk and dismissed the promise of Bitcoin as hyperbole: There’s certainly a lot of bullishness about Bitcoin and cryptocurrency, and that’s the case with…
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