How This Month’s Bitcoin Price Crash Tripped Up the Media

By David Zeiler

Let’s move on to Forbes, which ran two pieces based on the events in China.

A commentary by Jason Bloomberg titled “Collateral Damage from the Inevitable Bitcoin Crash” also makes a lot of false assumptions.

It’s based on the idea that China’s actions were “the first few dominos to fall, heralding a complete collapse of the Bitcoin speculative bubble.”

So certain is Bloomberg of this premise that he declines to explain why this collapse is inevitable, declaring instead: “That fact is too obvious to warrant such an argument.” (He spends the rest of the piece detailing the ramifications of a Bitcoin collapse.)

Read the entire article at https://moneymorning.com/2017/09/19/how-this-months-bitcoin-price-crash-tripped-up-the-media/

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