Community post
Bitcoin and Nasdaq Composite: A Lot in Common!
This Morgan Stanley Research Chart overlays the historical price of the Nasdaq Composite and Bitcoin. Although over two different time spans, the chart is pretty telling. Is Bitcoin doomed to keep following in the footsteps of what happened to Nasdaq? Or will it defy this chart and go higher?
Source: Economy and Markets
Replies (10)
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I also saw this and found it interesting. They also notice that the move were much quicker than the Nasdaq bear market which may signal that while we still have some time in this downtrending market, the Crypto market would come back to all time highs much quicker versus the Nasdaq which took a decade to get back to its all time highs.
That is a very good point!!!
they are, of course, two different things. I just hope btc won't take long to go back up, compared to nasdaq
check this chart. btc and gold price are very similar over a long time period, https://steemit.com/bitcoin/@trisolaran/striking-similarity-between-gold-and-bitcoin-charts
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