Bloomberg data analysis: If Bitcoin really bottomed out, history suggests it may have further upside

An analysis by Bloomberg last week showed that Bitcoin’s 84% ​​decline from the peak of history to the lowest point was more serious than the losses of the NASDAQ bubble in 2000, the collapse in oil prices in 2008 and the collapse of other market bubbles. However, the 84% decline in Bitcoin is still not as good as the decline in the Dow Jones Industrial Average during the Great Depression of 1929 (89%). The five-year growth rate of Bitcoin at its peak is the highest in the sample, with a five-year (2013-2017) growth of more than 140,000%. Bitcoin's 12-month depression lasts relatively short. The bursting of the US stock market and the Miami housing bubble has lasted for 34 months and 52 months. If Bitcoin really bottomed out, history suggests it may have further upside. The Nasdaq index more than doubled in the five years after the bubble burst, and has since reached a record high, well above the peak in the Internet bubble. Please stamp for details: https://www.8btc.com/article/387867