This time from Morgan Stanley
They say that "Bitcoin price weakness has similarities to the Nasdaq in 2000, just occurring at 15x the speed".
The Nasdaq peaked at 5,048.62 - at the time an all-time high - on 10 March, 2000. The index then entered a bear market before hitting a low of 1,114.11, almost a 78% drop from the peak. The low was hit in 9 October 2002.
Cryptocurrencies have not enjoyed the March trading month so far, with even one of the better performing ones this year - NEO - which saw its price double at the end of January, is now trading below the closing price of last year.
Any thoughts from our cryptocurrency traders out there?
