Quote:
Originally Posted by Eleazar
At $3,306, according to CoinDesk.
In the last 24 hours, bitcoin’s market capitalization has dropped by $4.8 billion and is down more than $14 billion on the week. It’s down 64% vs this point last year.
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I wouldn't say this had a 100% chance of happening. But as someone who was very active in the financial arguments of the dotcom bubble I'd put it at 95%+.
The difference here is most of those dotcoms had some intrinsic value. No one has any idea what the intrinsic value of BTC is.