Beyond Meat: This Stock Bubble Could Mirror the Bitcoin Crash

2019-5-8 21:43

By CCN: Beyond Meat (BYND) is Wall Street’s newest darling. After its stock rallied 168% in the best IPO in a decade, the vegan burger maker continues to impress while the rest of the Nasdaq suffers heavy losses.

There is an unfortunate truth beneath all of this hype, and to explain it we need to look no further than the Bitcoin bubble. Deja Vu: Beyond Meat Feels Uncomfortably Like Bitcoin in 2017 When cryptocurrency exploded into the public consciousness in 2017, led by meteoric gains in Bitcoin, everyone wanted to talk about blockchain. The groundbreaking technology that underlies many digital

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