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Stephen Roach hates on bitcoin

Stephen Roach, Yale professor and former Morgan Stanley chief economist, thinks that bitcoin is no more than speculative "bubble". 

Roach notedt that bitcoin has the most vertical chart he has ever seen during his career. 

Meanwhile, Roach added that the start of bitcoin futures trading is no good due to the lack of basic economic value of the concept.

So lets find out all the technical issues with that and have a look at famous "bubbles"