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

in #bitcoin • 7 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
7 years ago in #bitcoin by
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     7 years ago 

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

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       7 years ago 

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

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