) bitcoin and cryptocurrency watchers have made bold and brave bets on the bitcoin price only to have to eventually eat their words.
despite bitcoin rising around 40% so far this year and many so-called altcoins recording triple-digit gains over the last few monthsThe bitcoin price hit an all-time high of almost $20,000 in December 2017 and has been steadily falling since then."The argument here is that bitcoin has gone through its bubble phase and is ready to rise phoenix-like from the ashes just as other assets and indices did in the past," Kevin Dennean of UBS wrote in a research note to clients.
"We’re struck by how long it took other asset bubbles to recover their peak levels and how pedestrian the annualized returns from trough to the recovery often are," Dennean wrote.
Cares, no one
'If the bitcoin price bubble follows the same path as that of the Dow Jones after the 1929 stock market collapse, bitcoin investors will have to wait a whopping 22 years to see the same all-time highs again' 🤡 apple meet orange
Nanaman nakakainis parang ayoko na mag bitcoin!!!!!!!
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