Economy and Finance
The 70 Percent Decline Is “Nothing Out Of The Ordinary” – Morgan Stanley Has Good News For Bitcoin Bulls
We don’t know at this point which digital coins will be tomorrow’s equivalent of Amazon, Google, Apple and Facebook.
In last week’s Investor Alert, our investment team shared with you a report from Morgan Stanley that says bitcoin’s price decline since December mimics the Nasdaq tech bubble in the late 1990s. This isn’t earth-shattering news in and of itself. The main difference is that the bitcoin rout happened at 15 times the rate as the tech bubble.
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