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Morgan Stanley Warns Bitcoin Unfolding 15 Times Faster Than Nasdaq's 2000 Crash

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by , 03-20-2018 at 06:56 PM (946 Views)
      
   
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Bitcoin is unwinding in a similar fashion to the Nasdaq during the dotcom bubble nearly two decades ago, but the pace is 15 times faster, global investment firm Morgan Stanley said. The firm's strategist Sheena Shah said in a client note that the Nasdaq in 2000 and Bitcoin now, both rallied 250 to 280 percent during their peaks ahead of a market downturn.

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