Billionaire Investor Mark Cuban: Bitcoin Market Looks Like Dotcom Bubble

Billionaire Investor Mark Cuban: Bitcoin Market Looks Like Dotcom Bubble


Bitcoin has seen immense volatility over the past few weeks, slingshotting between key support and resistance levels on a daily basis. Monday’s price candle alone had an $8,000 range, which is the largest ever.

just the ol 8k daily range pic.twitter.com/FXXet2NzmJ

— nic carter (@nic__carter) January 11, 2021

The cryptocurrency currently trades for $35,000, though fell as low as $30,000 just hours ago. Bitcoin also traded as high as $42,000 late last week, which was a new all-time high for the asset.

Trending: The CDC Lied To The American People In A Huge Way

This volatility and growth have led some to liken Bitcoin to the Dotcom Boom and Bust.

Related Reading: Wall Street Veteran Kickstarts Own Bitcoin Fund With $25m Investment Bitcoin and Crypto Is Just Like the Stock Bubble of 2000-2002?

Mark Cuban, billionaire investor, a Shark Tank “Shark,” and the owner of National Basketball Association’s (NBA) Dallas Mavericks, says that Bitcoin’s ongoing bull run looks similar to the Dotcom Bubble:

“Watching the cryptos trade, it’s EXACTLY

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!
Thanks for sharing!
Send this to a friend