Corporations Could Cull Cryptocurrency’s Bull Run

As Bitcoin continues to test its all-time-high, corporations cottoning on to cryptocurrency could be increasing the risks of a brewing Bitcoin bubble.You tell yourself you’re buying Bitcoin not for you, but for them. (Photo by Paige Cody on Unsplash)“Honey, I’ve done it, we’re going to be rich,” Jim Katts burst through the door of the modest brownstone apartment that he shared with his young wife and their 2-year old daughter.“Done what?” Kate Katts, looked up from playing with their 2-year-old.“I’ve gone and invested in this new thing called the Internet. Everybody at the office is talking about it, I think it could change everything.”“Wait, how much did you invest?”“Not much, just the money we had been setting aside for that trip to the Bahamas.”“That wasn’t your money to spend! It was ours! You should have at least asked me first.”“There wasn’t time hun, this was a pre-IPO allocation, and me and a couple of guys at the office know a broker who managed to get us in on some of the action.”“What company?”“Pets.com it can’t miss.”And the rest as they say, is history.Dotcom Part DeuxIn the run-up to the dotcom bubble and bust of the late 1990s, countless conversations similar to the one between Kate and Jim Katts, would have taken place in living rooms across the United States.As internet fever started gripping the nation, retail investors, lured by riches beyond the dreams of avarice, fantasized and fetishized about which internet stock would be the one to change their fortunes.To be sure, during the last dotcom bubble and bust, fortunes were made, but even more were lost.In the great casino of the stock market, investment bankers talked up the latest internet stock, despite knowing that most of them were garbage.Investigations opened years after the last dotcom stock had crashed, would…