By David Zeiler
Let’s move on to Forbes, which ran two pieces based on the events in China.
A commentary by Jason Bloomberg titled “Collateral Damage from the Inevitable Bitcoin Crash” also makes a lot of false assumptions.
It’s based on the idea that China’s actions were “the first few dominos to fall, heralding a complete collapse of the Bitcoin speculative bubble.”
So certain is Bloomberg of this premise that he declines to explain why this collapse is inevitable, declaring instead: “That fact is too obvious to warrant such an argument.” (He spends the rest of the piece detailing the ramifications of a Bitcoin collapse.)
Read the entire article at https://moneymorning.com/2017/09/19/how-this-months-bitcoin-price-crash-tripped-up-the-media/
