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Yep exactly. A much more accurate description would be that there are boom and bust cycles with the context of broader adoption as a new industry and asset class matures. Higher highs and higher lows along the way.
Yep exactly. A much more accurate description would be that there are boom and bust cycles with the context of broader adoption as a new industry and asset class matures. Higher highs and higher lows along the way.
RE: Not many other "Bubbles" have survived 3 draw-downs of 80% or more in less than a 10 year stretch...