Bitcoin is 'first sign of greed since Great Recession ' says Federated's Chiavarone
Steve Chiavarone
There's a mountain of greed manifesting itself in the market  according to  Federated Investors portfolio manager Steve Chiavarone .
But  he  says you won't find it in stocks â it's in cryptocurrencies.
Bitcoin is such a contentious emerging asset   Chiavarone  recently felt compelled to publish a market memo on it  because  he  was fielding so many questions from clients and advisors.
"Investors wanted to be on the roller coaster in the '90s. They wanted high returns. They didn't mind volatility  " Chiavarone  said.
 Chiavarone  who is a bull on the actual blockchain technology   believes there's a good chance bitcoin will suffer the same fate as Pets.com â one of the biggest dotcom bubble busts of the high-flying 90s  before tech stocks crashed.
There's a mountain of greed manifesting itself in the market  according to  [TGT]  .
But   [TGT]   says you won't find it in stocks â it's in cryptocurrencies.
Bitcoin is such a contentious emerging asset    [TGT] recently felt compelled to publish a market memo on it  because   [TGT]   was fielding so many questions from clients and advisors.
"Investors wanted to be on the roller coaster in the '90s. They wanted high returns. They didn't mind volatility   [TGT] said.
 Chiavarone  who is a bull on the actual blockchain technology   believes there's a good chance bitcoin will suffer the same fate as Pets.com â one of the biggest dotcom bubble busts of the high-flying 90s  before tech stocks crashed.