Report: It took 7 to 17 years for U.S. tech stocks to recover to their highest levels in history, and Bitcoin is expected to follow a similar trend

According to a previous report by Bloomberg, Bitcoin is the best performing asset in a decade and has increased by more than 9000000% since July 2010. According to the Bitcoin Exchange Guide article, in the short term, Bitcoin is expected to experience many pains, which will certainly be accompanied by its own benefits. In the long run, according to a recent Twitter poll conducted by Quantum Economics founder Mati Greenspan, nearly half (49.2%) of respondents believe that Bitcoin will climb to $ 1 million over the next decade. In addition, according to CoinShares' latest Crypto Trends Report 2019, although the bitcoin "big bang" in 2018 was relatively large, causing the price to increase 20 times in a year, its value created (and destroyed) and other asset bubbles Compared to dwarfed. The report also pointed out that after the U.S. stock market crash in 2000, it took 7 to 17 years for technology stocks to recover to their highest levels in history. Amazon spent 7 years and Microsoft spent 17 years. Bitcoin is expected to follow a similar trend. . But in contrast, Bitcoin is a highly volatile asset, "but from an absolute perspective, it outperforms any other asset class in a comparable time frame."