Bitcoin is unfolding like the dot-com crash — just 15 times faster
Bitcoin is behaving a lot like how the Nasdaq did around the dot-com bubble, but the timeline is unfolding 15 times faster, according to research published by Morgan Stanley on Monday.
The Nasdaq in 2000 and modern-day bitcoin both rallied 250 to 280 percent in their most “exuberant” periods ahead of bear markets, Morgan Stanley said in a note to clients.
“Just that the bitcoin rally was around 15 times the speed,” Sheena Shah, strategist at Morgan Stanley said.
These price moves and similar beh…
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