Did bitcoin become the worst bubble of all time?

According to Biryni Associates specialists, bitcoin is the biggest financial bubble of all time. Others see it climb to new heights. The Chicago Stock Exchange boss, who has brought bitcoin legitimacy, invites skeptics to bet on his fall.
The virtual currency that keeps breaking records continues to stir the spirits and lusts. Two camps clash: those who think that this virtual currency is a revolution and should continue its rise and those who on the contrary believe that it is perhaps the According to analysts at Birinyi Associates, bitcoin is today the biggest bubble of all time. According to them, bitcoin surpassed the technological bubble, or that of 1929 which remains in all memories after almost a century. The cabinet dismissed the tulip crisis of the 17th century because there was not enough reliable data. These specialists believe that the meteoric rise of Bitcoin, which today exceeds all others, is the sign of a purely speculative runaway. Others see bitcoin climb new heights like. Michael Novogratz, former hedge fund manager at Fortress Investment Group, who told CNBC he expected bitcoin to reach $ 40,000 in a few months.
Bet on the bursting of the bubble
Ed Tilly, the boss of the Chicago board options exchange (Cboe) which brought legitimacy last Sunday to bitcoin by launching the first exchange of products related to the virtual currency, called the septic to bet on the collapse to take their own a piece of cake that continues to swell.
Is bitcoin "a scam? Is it a bubble? Is it legitimate? Our opinion is that you can express your ideas in a transparent market. That's what we propose, "he said.
For the past week, Cboe has been offering professional investors the opportunity to bet on the evolution of bitcoin through specific financial instruments. It is therefore possible to speculate on the rise as on the fall of the mother crypto-currencies.
Banks are cautious.
Many big banks such as JPMorgan Chase, Barclays, Morgan Stanley, Societe Generale, Citigroup and Bank of America Merrill Lynch have refused to play intermediaries. These institutions, who are wondering about the pricing of bitcoin and its possible manipulation, are afraid of having to share potential losses with customers in the event of a reversal of bitcoin.
This morning the cryptocurrency was over $ 17,000, according to data compiled by Bloomberg, against about $ 1,000 a year ago.