Bitcoin 2016-2024+ = Amazon 1997-2007+ ? Similarities Overlayed

19 giu

The chart performance of Bitcoin from 2016 onwards is similar to Amazon's from 1997 onwards when overlaying the two charts. When looking at fundamentals both are innovative technologies that have network effects. Both are misunderstood at times and overbought at other times. The overlayed chart reminds about the risk of a short-term decrease in Bitcoin's price, but also reminds of the importance of keeping a long-term view if Bitcoin continues to perform similarly to how the stock price of Amazon did. This is not financial advice, your capital is at risk in all investments, don't invest unless you're prepared to lose all the money you invest. Bitcoin has a very high risk associated to it, do your own research, do not take any actions based on this idea.