John Authers, Columnist

Bitcoin and SPACs Give 2021 an Early Retro Flavor

We may not be living through a repeat of the dot-com bubble yet, but the signs of 2000-vintage excess are out there.

January 4, 2021 at 5:00 AM UTC

John Authers is a senior editor for markets and Bloomberg Opinion columnist. A former chief markets commentator at the Financial Times, he is author of “The Fearful Rise of Markets.”

Shades of 1999?
Photographer: Luke MacGregor/Bloomberg

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Welcome to a new year. Rarely if ever can so many have wished so fervently for the old one to end. The start of 2021 brings a sense of renewal and possibility.