You just hit the nail on the head. They could not detect the housing bubble on time, and now they have turned to bubble detectors just Because bitcoin is hitting them below the belt. One of the reasons why I feel bitcoin is not a bubble, is because of its growing acceptance as legal tender.
Previously, Bitcoin’s biggest challenges had been acceptance by lawmakers and financial regulators due to its decentralized nature and its unfortunate association with criminal activities carried out on the dark web. However, Bitcoin’s “official” acceptance is on the rise.
For instance In the Philippines, citizens have been increasingly using Bitcoin to send and receive low-cost remittances.Countries such as Australia and Russia have recently made similar statements that could lead to Bitcoin becoming a fully accepted medium of exchange in their respective countries. This is a trend that is likely to continue, given the growing demand for Bitcoin as an investment as well as an online payment system.
Yes, like every fast growing stock, there might be a correction, but I don't see a bubble in view. Nice one.
RE: Vlog: 144: Will we enter the 5 digits Bitcoin era?