Bitcoin Is Business Cycle's Defining Bubble, Says Schomer
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Bitcoin is the "classic example" of the one "really crazy asset bubble" in each business cycle, says Marcus Schomer, chief economist at PineBridge Investments. He speaks on "Bloomberg Daybreak: Americas."
While the possibility of a deep World Cup run from the United States would help generate more betting action, there is one sportsbook praying for an early exit for the host country.
"Pennsylvania has authorized interactive gaming and sports wagering under a licensed and regulated framework. That framework was built for adults making lawful choices."