Tuesday, March 20, 2018

Bitcoin resembles dot-com bubble, but collapse is unfolding 15 times faster – Morgan Stanley

American banking giant Morgan Stanley has predicted a dire end to the bitcoin phenomenon, comparing it to the tech bubble of 2000. But this time, according to the bank, events will escalate much faster. Some 18 years ago, the Nasdaq rallied 250 to 280 percent in its most "exuberant" periods ahead of bear markets, just like cryptocurrency market does, Morgan Stanley said in a note to its clients.

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