Bitcoin is Like Dot-Com Bubble, Morgan Stanley Says

Bitcoin’s recent moves almost mirror to the Nasdaq Composite Index in the lead-up to and aftermath of 2000, but at x15 speed
20 March 2018   1104

A group of analysts of the American banking holding Morgan Stanley has published a new report, which draws parallels between the recent take-off of bitcoins and the boom of dotcoms that occurred in the late 90s, reports Bloomberg.

According to analysts, at present the movement of the bitcoin rate almost completely repeats the Nasdaq Composite Index on the eve and after 2000, but 15 times faster. Then the index rose by 278% in 519 days and peaked in March 2000. In turn, bitcoin jumped by 248% in just 35 days - down to a record $ 19 511 last December, the report said.

Nasdaq / BTC Compare
Nasdaq / BTC Compare

In addition, it is noted that since the end of last year bitcoin has experienced three waves of falls, when its price fell every time by 45-50%, before the rebound occurred. At the same time, the Nasdaq experienced five sharp falls after 2000, which were 44% on average.

Rising trade volumes are thus not an indication of more investor activity but instead a rush to get out.
 

Sheena Shah

Strategist, Morgan Stanley

Bear market is not something new for the Bitcoin. So, after the records of the end of last year in February, the price of bitcoin fell by 70%, and in this "there is nothing unusual," added Morgan Stanley. At the same time, since December 2017, trading volumes of bitcoin have grown by almost 300%.

Craig Wright to Claim to be Satoshi Again

He explained that the false information surrounding Bitcoin and blockchain-derived systems made him come out of the shadows
18 February 2019   95

A senior researcher at nChain, Craig Wright, sent the Commission on the US Exchange Commodity Trading (CFTC) introductory information on cryptocurrency mechanics in response to a request from the Office. But even in the official document he did not miss the opportunity to remind everyone that it was he who allegedly was the creator of Bitcoin Satoshi Nakamoto.

My name is Dr. Craig Wright and under the pseudonym of Satoshi Nakamoto I completed a project I started in 1997 that was filed with the Australian government in part under an AusIndustry project registered with the Dept. of Innovation as BlackNet. Ethereum is a poorly designed copy of bitcoin designed with the purpose of completing the promise of smart contracts and scripting that were delivered within bitcoin but which were hobbled by the core developers of bitcoin who sought to enable anonymous transactions to exist within the system. 
 

Craig Wright

"Satoshi"

Earlier in February, the “self-proclaimed Satoshi Nakamoto” announced that he possesses a patent, allegedly capable of restricting the right to issue JPM Coin.

In October 2017, Craig Wright made a mistake confirming that he was not Satoshi Nakamoto.