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"It's In The Mania Phase":"Mortgages Are Being Taken Out To Buy Bitcoin Yes...with possible profits going up...persons are getting
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[quote:teslawasriteuno 75432283:MV8zNzE1NzcyXzY2NDcxNDE2XzEyMjQwMDU2] I really hate to break it to all the Crypto-ignorant, but Cryptos are not in a bubble. They are the pin that is popping the Fiat bubble as I write. It will become painfully obvious by middle of next year and all you Poo Pooer will be eating crow and jumping out windows. [/quote]
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"We've seen mortgages being taken out to buy bitcoin. … People do credit cards, equity lines," said Borg, president of the North American Securities Administrators Association, a voluntary organization devoted to investor protection. Borg is also director of the Alabama Securities Commission.
"This is not something a guy who's making $100,000 a year, who's got a mortgage and two kids in college ought to be invested in."
"You're on this mania curve. At some point in time there's got to be a leveling off. Cryptocurrency is here to stay. Blockchain is here to stay. Whether it is bitcoin or not, I don't know,"
Innovation in technology always outruns regulations: Joseph Borg
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