The bitcoin price has certainly had its ups and downs, and multiple analysts have compared its skyrocketing value to the tech bubble that popped in the early 2000s. Now there’s an interesting twist on this same perspective as one firm compares the recent bitcoin price weakness to the popping of that tech bubble.
In fact, one of the firm’s analysts says the popping of the bitcoin price bubble is occurring at 15 times the speed at which the tech bubble popped in the early 2000s, highlighting the extreme volatility that has ravaged the market for months.
Bitcoin price is sliding again
Since its founding by Will Thomson and Chip Russell in June 2016, the Massif Capital Real Asset Strategy has outperformed all of its real asset benchmarks. Since its inception, the long/short equity fund has returned 9% per annum net, compared to 6% for the Bloomberg Commodity Index, 3% for the 3 MSCI USA Infrastructure index