The crypto currency is generating a lot of investment activity, but it could be growing into a potential bubble. Some of the characteristics of the market, like rapid appreciation, are reminiscent of the 2007 mortgage crisis and potentially the Dot Com bubble in the early 2000s. One bit of good news: the investor pool is much less diverse. We sat down with Jeff Rinkov, CEO and president of Lee & Associates, to find out more about this new investment market, why there is real cause for concern and how a bubble burst could affect commercial real estate.
GlobeSt.com: What do you think of Bitcoin as an investment vehicle?
Jeff Rinkov: I think we are going to be slow on the adoption of it. People really like the comfort of US dollars. Right now, it feels like it could be a black swan event. If I had to make a prediction, I would short Bitcoin over the intermediate term, say the next six to 12 months. Digital currency, as ecommerce evolves and the world becomes a little smaller, is probably something that becomes more comfortable for us and likely as a greater utility.
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