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The Tell: Bitcoin in a bubble? Apply this 1,000%/10-year rule and the answer is clear

Bubbles? Those aren’t bubbles.

Charles Schwab SCHW, +0.65% global strategist Jeff Kleintop says there are plenty of red-hot investments out there that might look like bubbles, but, in reality, they just don’t fit the classic profile.

“Bubbles typically bring risks for all investors, even those that don’t own the inflating asset,” he explained, “because they represent a broader market and economy that has become out of balance and dependent upon a flawed outlook.”

Previously, these bubbles of the past have “inflated 1,000% over 10 years before bursting, cutting prices by more than half in the following two years,” Kleintop explained.

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