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Bitcoin to Follow the Same Trend as Amazon to Recover its All-Time Highs: Coin Shares

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The investment of the decade which recorded 9,000,000% gains is currently sitting at just around $7,100.
In the short term, Bitcoin is expected to experience a lot of pain ahead that would surely be mixed with its own dose of gains as well.

But as we reported, in the long term, a poll run by Mati Greenspan, founder of newsletter Quantum Economics found that a staggering 49.2%, nearly half of respondents believe that Bitcoin is going to climb to $1 million by the end of the next decade.
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The Big Bang of 2018 Dwarfed by other Asset Bubbles
It all started at the end of 2013 when Bitcoin became a billion dollar market during a short-lived price run following the seizure of Mt. Gox and arrest of Ross Ulbricht.
In December 2017, BTC hit its peak at $20,000 while the crypto market cap nearly reached one trillion dollars, $835 billion, during the first week of January following a rapid run up in Ethereum, XRP and other altcoins as well.

This “big bang” was relatively large resulting in a 20x price increase in a year, but Meltem Demirors, Chief Investment Officer of Coin Share and Marty Stenson, Associate, who authored the 2019 Crypto Trends Report “the value created (and destroyed) is dwarfed by other asset bubbles.”
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Bitcoin outperformed every other asset class
The world's leading cryptocurrency is already the best performing asset of the decade with a whopping 9,000,000 percentage gains.
According to the digital asset management company Coin Shares, It took seven to seventeen years for Amazon to recover its all-time highs and Bitcoin is expected to “follow a similar trend.”
However, Comparatively, bitcoin has been a much volatile asset, “but on an absolute basis, it’s outperformed every other asset class over a comparable time scale.”
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