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Crypto and Cannabis Are the Perfect Post-Crisis Bubbles
Article

Crypto and Cannabis Are the Perfect Post-Crisis Bubbles

Joe Weisenthal
Bloomberg Businessweek , 2018
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8

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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. 

Take-Aways

  • Cryptocurrencies and shares in cannabis companies are primed to become the next investment bubbles to explode.
  • Millennial-aged men, who were children when the 2000 dot-com bubble burst, are largely responsible for the current round of speculation.
  • Speculators are especially fond of cannabis stocks because they are so volatile, but institutional investors avoid them, because their legal outlook remains unclear.

About the Author

Joe Weisenthal is executive editor for digital news at Bloomberg.

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