How Bitcoin’s Crash Compares to History’s Biggest Bubbles
(Bloomberg) -- Bitcoin’s latest plunge gives investors reason to weigh how it compares with some of history’s greatest asset bubbles. After an almost 60-fold increase in three years to nearly $20,000, the world’s biggest digital coin has now tumbled more than 75 percent from its peak, according to data compiled by Bloomberg. By comparison, the Nasdaq Composite Index posted a 78 percent peak-to-trough decline after the dot-com bubble burst in 2000.
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