Summary of Crypto and Cannabis Are the Perfect Post-Crisis Bubbles

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Crypto and Cannabis Are the Perfect Post-Crisis Bubbles summary
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From 2000 to 2002, investors learned how brutal the stock market could really be, as the dot-com bubble burst and technology stocks plunged. Today, millennials too young to remember that catastrophe are behind the trading in digital currencies and marijuana stocks, whose values rise and fall with startling swiftness, making them all the more attractive to speculators. With their grass-roots following, crypto and cannabis are lining up to be the textbook bubbles of the modern era, writes financial journalist Joe Wiesenthal. His concise take on a new investment landscape will interest investors and traders. 

About the Author

Joe Weisenthal is executive editor for digital news at Bloomberg.

 

Summary

In the years since the 2008 financial crisis, many investors have viewed index funds, low fees and periodic portfolio rebalancing as the ingredients for profitable investing.Yet two speculative investments, cryptocurrencies and shares in cannabis businesses, are primed to become the next bubbles to explode. Early warning signs include 2017’s bitcoin mania, which sparked wild speculation in digital monies. For a few hours in September 2018, investors’ exuberance for cannabis company Tilray inflated its share price so much that the firm’s market value surpassed those of American Airlines, Tiffany and...


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