No doubt BTC rise over the past year has pushed it into bubble territory – Goldman Sachs

In its latest note published earlier today, the analysts at Goldman Sachs warned on Bitcoin (BTC) and cryptocurrency overvaluation.

Key Points:

No doubt BTC rise over the past year has pushed it into bubble territory.

The "meteoric rise in a short time has dwarfed the rise seen during the dot-com bubble".

Cryptocurrencies have moved beyond bubble levels in financial markets and even beyond the levels seen during the Dutch 'tulip mania' between 1634 and early 1637.