There’s no official measurement of a market bubble, but one could be the speed and force of the rise. Dot- com stocks rose 680 percent from the beginning of 1996 to the end of March 2000, while bitcoin has risen nearly 775 percent in the past year alone. In that run, it has added roughly $90 billion in value, crossing above $100 billion for the first time on Friday before retreating a bit. Still, compared with other asset classes, like real estate or stocks, bitcoin is a pimple, which is why some people have convinced themselves the cryptocurrency can’t be in a bubble.
Source: Bloomberg Pro Terminal
Trader Bozhidar Arabadzhiev
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