Bitcoin could become ‘worthless’, Bank of England warns

[mantelpiece]

How can inflation exist in a zero interest climate where wages are stagnant? Sorry, being Australian I don't get that (Australia is big but our economy is medium sized).  It's different here. We have all the above but we are having a stupidly wild housing market - everywhere.  People are greedy & stupid, rates will rise. When the US ups it's interest rates, a lot of Australians will learn that a $1,000,000 loan on a $120,000 income is not wise.

[Yaxes]

One of the reason is fed printed $6Tn, where would all of this go....it would throw inflation off the roof...hence the absurd valuation, it's not coming down unless $6Tn is absorbed by Fed

[amphitrite]

Everything's a bubble

[Joker561]

What else are people are suppose to do with the money they save from staying at home??? Buy some stock and drive price up. Retail investor and Hedge funds know it and everyone is on this

[explodingllama]

When inflation goes above what can be earned in the stock market, people will bail out fast.  Nobody is going to sit and watch the real value of their money decline month after month.

[trenttrento]

Powell did the biggest blunder in recent history of monetary policy. Lagarde is worse but it's not a blunder in her case, it's intentional. Madam Inflation wants high inflation in the eurozone. Buy a car today because next year you'll pay 50% more. Lots of printing + lots of savings + pent up demand + supply shortages + investors hedging against inflation = there's no stopping in prices now. Germany planning to increase minimum wage by 25%.

[Saxy101]

POWELLLL GO BRRRRRRRRRRRRRR!!!!.....

[ablepick]

"that's traditionally low margin business"  Sure, but Tesla's margin on vehicles was ~26% (!) last quarter, and Hertz didn't get any discounts: they just got in line like everyone else.

[Finferno00]

Ontario is the next bubble

[ChanceIsChance]

hour.If wages actually raised with productivity; the minimum wage would be upwards of +$20

[scenarist]

Do Americans really realize that the FED is not a part of the federal government......?  that it is a privately owned corporation by a few oligarchs......using only the people's consent to print money, as its capital, they buy everything and own everything..  After printing so much money, it then buys up stocks, bonds, treasuries, properties, and OWN everything, but the "money" used to buy them, is added to our $29 trillion national debt...wtf.  Great scam, isn't it...and the name is very clever to hide the private ownership...the FED..  Why are we allowing this...?  China doesnt have the equivalent, instead it has the People's Bank of China, therefore everything is owned by the Chinese people...instead of a few rich capitalists....who never invested, in the first place.....who are these people?  The communist CPC is not evil, as we say,  afterall. No wonder China is in a better place than the US.

[Sonikraft22]

6:00 You know what? Investors bet their money on the future of the investment.  I won't invest in a company because it's big now, I'll invest in it because it'll be bigger in the future.

[berget]

The difference between bitcoin and Tesla is that Tesla produce something that is tangible unique and is self supported by the most advanced technology in its market, It has mega factories ready to produce, It is also an energy provider, Solar, and has an infrastructure of the largest charger network. Telsa cars are the fastest and safest in the world.

[TankBM5]

I'm from Ukraine but so happy to see US regulators attitude and ceos delivery, 5 hours of smooth enjoyment!

[jusicat]

Ok yeah, that other bubble is the USD. Thanks for playing and good luck!