Some top analysts across crypto and traditional investments have noticed similarities between current market conditions and those in March 2020. Are we headed for another bull run... or bankruptcy?
Analysts in both crypto and traditional markets have noted some startling similarities between the recent downturn and the one caused by a pandemic panic in March, 2020.
The real question is whether it’s the start of a larger downturn or if there will be a significant bounce-back as in 2020 that led to an extended bull run in both crypto and stocks markets. Podcaster and author of The Pomp Letter, Anthony “Pomp” Pompliano is on the permabull side of the ledger, tweeting on May 18 that since March 1, 2020 when one Bitcoin cost about $8,545, “Bitcoin is up 340%.”As central banks around the world devalued their currencies at a historic rate, there is only one asset that stood out from the pack.— Pomp
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