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24-Mar-2020 12:51

This would magnify the dangers of a crash in their already volatile values.

If digital currencies ever get accepted as loan collateral, a replay of the subprime meltdown may be on the horizon.

Warren Buffett and I think that this late-year surge is being caused, not by rising values, but by a lack of sellers – as no one wants to take a profit in 2017 and pay 2017 tax rates when they can save a fortune by waiting to cash in under the new tax plan.

That lack of sellers, plus a frenzy of late buyers chasing the market, is most likely what's causing this late-year rally.

Who knows if they'll still be there in January?

Still, 36% is a lot and the Global Markets have driven higher as well, as one might expect but, as we were discussing in our series of market value discussions last week – the reaction is now far exceeding the reality.



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