//Bitcoin Bust Reminds Morgan Stanley of Nasdaq Crash, But Faster

Bitcoin Bust Reminds Morgan Stanley of Nasdaq Crash, But Faster



Bitcoin’s recent moves almost mirror that of the Nasdaq Composite Index in the lead-up to and aftermath of 2000, but at 15 times the speed, Morgan Stanley said. The Nasdaq climbed 278 percent in 519 days in the rally leading up to its high in March 2000, while Bitcoin soared 248 percent in 35 days inĀ …

Source: Bitcoin Bust Reminds Morgan Stanley of Nasdaq Crash, But Faster