Could Bitcoin’s Bubble Lead to Long Crypto Winter?
https://cointelegraph.com/news/could-bitcoins-bubble-lead-to-long-crypto-winter
It took 3 years for price to recover from 2013.
Bitcoin has had 3-4 bubbles. Is this the latest bubble?
https://cointelegraph.com/news/could-bitcoins-bubble-lead-to-long-crypto-winter
Quote
Eerie similarities to 2013
It took 3 years for price to recover from 2013.
Bitcoin has had 3-4 bubbles. Is this the latest bubble?
While this years gains have been amazing, it's still nothing compared to what we saw in 2013. The final bubble of 2013 saw 10x growth within 2 months. This time it took almost a year to reach close to the same result. Insane growth, yes, but not as mad as 2013.
That being said, it would be naive to believe that this bull market is going to go on indefinitely. Question being how high it will go and how hard it will drop. But even in case of a major correction, 3 years recovery time are not that bad. It took the S&P 500 close to 6 years to recover from the housing crisis and 7 years to recover from the dot-com bubble. And it's still more or less the gold standard of investment vehicles.
