Buiter Says Bitcoin Is Crazier Than the Tulip Bubble



Dec.08 — Willem Buiter, Citi global chief economist, discusses bitcoin and why he says the cryptocurrency is socially wasteful. He speaks with Bloomberg’s Carl Ricadonna on “Bloomberg Surveillance.”

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21 Thoughts to “Buiter Says Bitcoin Is Crazier Than the Tulip Bubble”

  1. Old men suddenly worried about what is socially wasteful and carbon footprint?
    Threatened and irritated by things they do not understand.

  2. He doesn’t know what he is talking about.

  3. "Purely speculative" ? We can TRADE then, any amount, any where… it's "merchant account" without any paperwork… do your hownework! Bitcoin Cash is the true future of Bitcoin with super cheap fee!

  4. Old fart doesn't know anything.

  5. Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, Tulips, …I'll stop saying tulips when you stop saying tulips………..Tulips.

  6. can any digital currency aficionado, not a bitcoin nazi, explain me whats the logic of spending a currency that keeps having more and more value, isn't then useful to buy and wait before any big correction happens? What's the impact of bitcoin vs other digital currencies? Like etherium which seems to be more useful, thank you…

  7. the rich getting poor! they are fighting it!

  8. C C

    He has no idea what he is talking about.

  9. First it's completely useless and then it's a vehicle for crime, tax evasion etc. Thats already a contradiction and it's useful for something.

  10. We still fucking mint pennies, why have you not come out against that considering how wasteful and useless it is?

  11. poor old guy's wealth is going to be transferred to bitcoiners.

  12. Two old farts and a pushover dismissing and babbling on about stuff they cannot comprehend. I just love it.

  13. He's forgetting the law of supply and demand. Tulips can be grown be anyone, virtually infinite. Bitcoin are in limited supply, cannot be generated by anyone.

  14. Bulls make money, Bears make money, dinosaurs get slaughtered.

  15. d k

    You can not talk sense into the brainwashed crypto mob right now. Just let it crash to zero, which will probably happen before summer 2018. This will most definitely get the mob to snap out of their dangerously delusional state of mind. They will lose all the money they had invested and flip their views overnight. You are victims of the biggest pump and dump ponzi scheme in the history of the world. Crypto trading will be banned and criminalized across the world this year 2018. Enjoy the embarrassment and financial hardship you will be feeling soon.

  16. TJ

    I don't understand the Cryptocurrency either. I have a pretty good understanding of Blockchain and have invested in the ETF BLOK. Tech companies that will utilizes Blockchain. But I have some exposure to the Cryptos mainly Bitcoin and Etherum. I think you could go in up to % 5, tops that way you will not kick yourself if we are wrong. He has a point the incredible energy used to make it is wasteful. Lets wait a year or 2 then we will find out who the dummies are. If push comes to shove the only real money is Gold and Silver.

  17. If Bitcoin is the answer to a maiden's financial prayer, why is it valued in either U S dollars or ultimately gold? Seems a bit contrary to me.

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