'if they are really good at detecting bubbles why did they not see the housing bubble'

This really made me laugh. So on point @exyle.The moment its an issue of bitcoin, these bankers have suddenly become bubble detectors, they probably deserve a Nobel price.
You know I've been thinking about this topic for some time now. The principle behind bitcoins rise follows basic economics taught in high school. The supply is limited to 21 million units and this necessarily makes bitcoin a scarce asset. When things are scarce and people want those things, their value will ultimately rise. Supply and demand at work.

Thus, when economics and the network effect intermingle, you have a recipe for explosive growth within an asset. Bitcoin is not some new version of the 17th century tulip bulb. It is a groundbreaking advancement in accounting and money.

If bankers choose to ignore this, then thus makes me smell something fishy.

Awesome post @exyle, I really love your posts.