Bitcoin Is History's Biggest Bubble, Turkey's Simsek Says
This article is for subscribers only.
Speculation on Bitcoin has turned the cryptocurrency into “the biggest bubble in finance history,” Turkey’s Deputy Prime Minister Mehmet Simsek said in comments on Twitter on Wednesday.
Simsek, Turkey’s chief economic policymaker and a former strategist at Merrill Lynch in London, added his voice to a chorus of global policy makers expressing concern about the digital coin, whose value has surged more than 17-fold this year to as much as $17,578.