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RE: Bitcoin prices won't be at the bottom until they drop down into the $4000's
Interesting but the dot com bubble was when the market was quite big, relative to the currently very small cryptocurrency market cap. I do think Bitcoin could hit $4k but if the big money comes back in, it might not take long to go to new high. I think there might be a bigger, longer lasting crash when the cryptocurrency market is much bigger.
Nasdaq lost $5 trillion of market cap in the dotcom collapse. Peak in cryptos was about $800Billion, and we may bottom at $100Billion. So Dotcom crash was only 7X as large as Crytpo crash might turn out to be.
7X is still a big difference. But it is not 100X different or even an order of magnitude different
The dot com crash was worldwide, none of my shares in the UK were on the Nasdaq. If you consider 18 years of inflation and the bigger money market that cryptos are in, it's still relatively much less inflated.