Six stages of asset bubbles: The crypto crash

COUNTLESS bubbles have inflated and burst over the course of history and it is an absolute certainty that more will come.

Bubbles recur so often because hundreds of thousands of years of evolution have hardwired the herd instinct into the human brain.

Despite the recurrence, every bubble feels unique in its own warped way. But after studying dozens of them, I have found that investors can protect themselves by recognising the trajectory that most follow.