Cryptocurrencies are unlike anything We’ve Seen Before

 I’ve been focused on the financial markets since 2009. I have never quite seen anything like the cryptos. They trade 24 hours a day. They have bull and bear markets. I believe Bitcoin has had two bear markets, both of which caused it to decline 90%. (That’s quite a dramatic drop, especially since the stock market tends not to go down that dramatically, except for the Great Depression (over a long period of time) and NASDAQ during the dot com bubble (around 80% decline). But since we’re closer to the beginning of the era of cryptocurrencies, I do think that there is a lot of room for this to run higher.

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