Personal Finance Insider's video: Bitcoin Can Be a Bubble and Still Change the World

Business Insider's Henry Blodget and Sara Silverstein talk bitcoin, which has dipped below 16,000 after almost reaching 20,000. Silverstein says that could be because the cryptocurrency's counterpart, bitcoin cash, was somewhat legitimized when it was added to Coinbase. Blodget notes the large number of cryptocurrency offshoots and says it reminds him of the late 90s dotcom bubble. He then highlights a recent report from investment manager and former Merrill Lynch chief investment strategist Richard Bernstein, which says that bitcoin meets all five criteria for a bubble. Blodget also says that bitcoin can be both a bubble and a profound new technology, stressing that those two things don't have to be mutually exclusive. -------------------------------------------------- Follow BI Video on Twitter: http://bit.ly/1oS68Zs Follow BI on Facebook: http://bit.ly/1W9Lk0n Read more: http://www.businessinsider.com/ -------------------------------------------------- Business Insider is the fastest growing business news site in the US. Our mission: to tell you all you need to know about the big world around you. The BI Video team focuses on technology, strategy and science with an emphasis on unique storytelling and data that appeals to the next generation of leaders – the digital generation.