Bitcoin's rough patch looks like the Nasdaq during the tech bubble — except it's moving 15 times faster





Bitcoin's rough patch looks like the Nasdaq during the tech bubble — except it's moving 15 times fasterHistorical fluctuations in the Nasdaq should provide a template for how bitcoin will trade going forward, especially considering their similar patterns. Recent declines in bitcoin may be foreign to traders accustomed to record-breaking returns, but the cryptocurrency’s price chart looks awfully familiar to strategists at Morgan Stanley. It reminds the firm of how the Nasdaq traded in 2000, during the tech bubble’s heyday.


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