How Bitcoin's Crash Compares to History's Biggest Bubbles
This article is for subscribers only.
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.