Crypto Chart of the Day 11/5/19
Morgan Stanley just released a 49 page research report titled “Update: Libra, Bitcoin and Cryptos”. The four key takeaways were:
Morgan Stanley just released a 49 page research report titled “Update: Libra, Bitcoin and Cryptos”. The four key takeaways were:
Similarities in Bitcoin price action vs. Nasdaq in 2000 and Bitcoin itself in 2017
Leveraged BTC trading increases volatility
Environmental issues tied to Bitcoin mining likely to reemerge
Facebook/Libra and reaction from global regulators vs. tech regulation more broadly
My favorite chart relates to takeaway 1:
I’ve never seen a chart where all of the axis’s are on different scales (e.g. the time is twice as long for the Bitcoin line). But it’s interesting nonetheless.
You can see the entire report here:
Check out: The Week In Crypto In Five Graphs (11/3/19)
If you got .00001 BTC of value from this post please “Clap” below (up to 50 times). Thx!