Mark Hulbert: Bitcoin is very likely to crash soon, research shows

CHAPEL HILL, N.C. (MarketWatch) — The odds are overwhelming — above 80% — that bitcoin will crash in coming months.

I base this bold prediction on a study, “Bubbles for Fama,” that appeared earlier this year in the Journal of Financial Economics. Its authors are Robin Greenwood, a finance and banking professor at Harvard Business School and chair of its Behavioral Finance and Financial Stability project; Andrei Shleifer, an economics professor at Harvard University; and Yang You, a Ph.D. candidate at that institution.

This prediction has nothing to do with the particulars of bitcoin BTCUSD, -17.26% I hasten to add.

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