Morgan Stanley: BTC’s ‘Boom-and-Bust’ is Like Nasdaq’s, But 15x Faster

[kreslik.news]

The world economy has seen its share of booms and busts, sure. However, ricocheting asset valuations, market dives, and overnight fortunes have never been so commonplace as they are in the world ofcryptocurrency.

In fact, the greased-lightning pace at which cryptocurrency markets operate has caused a recent report Morgan Stanley to compare the recent moves of the Bitcoin network to the ca. 2000 boom and bust of the Nasdaq, only at 15 times the speed.

The report specifically recalls the Nasdaq’s 278-percent climb that took place over 519 days, ending in March of 2000; Bitcoin rose 248-percent ... (read more)