Jim Goddard Show: Bitcoin Showing Signs of 1999 Tech Bubble - Mike Swanson (12/14/2017)

There are 1,300 crypto currencies.

They may go higher from here, but in the end almost none of them will survive, and perhaps none of them will.

One sign of the madness is the so called "initial coin offering."

This is where companies or people raise money by creating their own "virtual currency".

Those that buy these currencies do not buy ownership in the company and will never get a dividend or benefit from a rise in earnings or even a buyout in the company.

They are buying nothing but a fake virtual currency in hopes that it will go up like Bitcoin, but as a security they own nothing.

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