Is Bitcoin a bubble? 96% of economists say 'Yes' – WSJ

The Wall Street Journal (WSJ) conducted a survey of economists, expectant of their suggestions on Bitcoin and cryptocurrency.

Key Findings:

51 out of 53 forecasters, or 96%, said bitcoin has been experiencing a speculative bubble.

2 said its recent gains weren't a bubble.

Key quotes in the report:

"If it looks like a duck, and quacks like a duck, it's a duck," said Diane Swonk, founder of consultancy DS Economics.

"Bitcoin is nothing more than crypto-tulip bulbs".