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Bitcoin Seen Popping Like the Greatest Bubbles by BofA
The greatest bubble in history is popping, according to Bank of America Corp.
10 Apr 2018, 04:20 PM IST 
Bitcoins in an office in London, U.K. (Photographer: Chris Ratcliffe/Bloomberg)
(Bloomberg) -- The greatest bubble in history is popping, according to Bank of America Corp.
The cryptocurrency is tracking the downfalls of the other massive asset-price bubbles in history less than one year out from its record, analysts lead by Chief Investment Strategist Michael Hartnett wrote in a note Sunday.
The cryptocurrency has fallen more than 65 percent since peaking in December at $19,511. Bitcoin rose 2.2 percent to $6,750 on Monday.
To contact the reporter on this story: Janine Wolf in New York at jwolf71@bloomberg.net.
To contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Randall Jensen, Dave Liedtka
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