How bitcoin crash compares to history’s biggest bubbles
After an almost 60-fold increase in three years to nearly $20,000, bitcoin has now tumbled more than 75% from its peak.
Hong Kong/New York: Bitcoin’s latest plunge gives investors reason to weigh how it compares with some of history’s greatest asset bubbles. After an almost 60-fold increase in three years to nearly $20,000, the world’s biggest digital coin has now tumbled more than 75% from its peak, according to data compiled by Bloomberg. By comparison, the Nasdaq Composite Index posted a 78% peak-to-trough decline after the dot-com bubble burst in 2000.
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