Amazon Bubble Vs. BTC Bubble

The Amazon bubble from the dot com bubble has thus far formed very similar price action to the BTC 2016 – 2019 bubble.

I first noticed this years back as the bubble was forming and had been watching it. However I was reminded of just how striking the similarities were in a tweet by @CryptoCharles_

Of course this doesn’t mean Bitcoin has to follow the same path. However, let’s remember, after an initial recovery after the big bubble (in which Amazon dropped to $5) Amazon made its way from a low of $30 all the way up to over $2,000 in 2018 and 2019.

If anything like that did happen with Bitcoin, that means the future could eventually be pretty bright.

For now though, the comparison is a little more than a bit of a fun and a reminder that price action doesn’t have to take us straight back to $20k to be on the right path.

Author: Thomas DeMichele

Thomas DeMichele has been working in the cryptocurrency information space since 2015 when was created. He has contributed to MakerDAO, Alpha Bot (the number one crypto bot on Discord),...

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