Bitcoin Is Business Cycle's Defining Bubble, Says Schomer

Submitted by Guest on

Written by :

Guest

Published on :

Bitcoin Is Business Cycle's Defining Bubble, Says Schomer

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."



Related Content

Tucson Arizona Set to Get Its First Casino in November

Tucson Arizona Set to Get Its First Casino in November

Casino Del Sol Vahi Taaʼam on Grant Road at I-10 will likely employ as many as 500 people.
USA Soccer (USMNT) Creates Huge Liability for Sportsbooks in North America

USA Soccer (USMNT) Creates Huge Liability for Sportsbooks in North America

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.
Casino chips all different colors, mostly stacked

Sweepstakes Gaming Revenue in the US Reaches $20.09B in Q1 2026 as Player Demand Continues to Shift

Sweepstakes gaming has moved from a niche corner of online gambling into something much more visible in the broader digital entertainment landscape.
New Pennsylvania Proposed Bills Seeks to Prevent Gambling at the Playground, in the Classroom

New Pennsylvania Proposed Bills Seeks to Prevent Gambling at the Playground, in the Classroom

"Pennsylvania has authorized interactive gaming and sports wagering under a licensed and regulated framework. That framework was built for adults making lawful choices."