Morgan Stanley: Bitcoin’s Price Story Is ‘Nasdaq 15 Times Faster’

in #bitcoin • 6 years ago

Bitcoin prices say Nasdaq as "surprisingly similar" in 2000, Morgan Stanley told customers in a note in March 19.

According to Sheena Shah, the giant analyst of financial services, research shows that the rise and fall of Bitcouine has copied Nasdaq - but events are "almost fifteen times the speed".

Shah said, "Since the early Nasdaq market since 2000, there has been a decline in five prices, in which the surprising similarity is 44%."

SOURCE https://cointelegraph.com/news/morgan-stanley-bitcoins-price-story-is-nasdaq-15-times-faster

#cryptocurrency #news #money #blockchain
6 years ago in #bitcoin by
$0.64
  • Past Payouts $0.64, 0.00 TRX
  • - Author $0.51, 0.00 TRX
  • - Curators $0.13, 0.00 TRX
86 votes
Reply 2
Sort:  
  • Trending
    • [-]
     6 years ago 

    For future viewers: price of bitcoin at the moment of posting is 8473.00USD

    $0.00
      Reply
      [-]
       6 years ago 

      This post has received a 0.36 % upvote from @booster thanks to: @openbull.

      $0.00
        Reply

        Coin Marketplace

        STEEM 0.17
        TRX 0.15
        JST 0.028
        BTC 60007.10
        ETH 2415.95
        USDT 1.00
        SBD 2.41