Most investors remember the 2000 Internet Bubble, which was an example of bubbles for the history books. What is harder is to recognize a replica bubble when it appears again later, especially if it disguises itself. This week’s chart reveals that the price of Bitcoins is replicating the 2000 Nasdaq bubble and its aftermath. But the curious point is that Bitcoin prices are tracing out the dance steps much more quickly. This is a great example of the new and improved “Efficient Market Hypothesis” or EMH. No, it’s not the one you think. The new EMH states that the market now can get a lot more work done in a short ... (full story)