Published by
Benzinga
Benzinga
Bloomberg analyst Mike McGlone drew parallels between Bitcoin’s (CRYPTO: BTC) current trajectory and the stock market crash of 1930. In a series of tweets, McGlone highlighted the similarities between the two, suggesting that Bitcoin’s performance might be echoing the patterns of one of the most significant financial downturns in history. McGlone referenced statistician and entrepreneur Roger Babson, who had cautioned about soaring equity prices well before economist Irving Fisher’s infamous 1929 declaration of a “permanently high plateau.” Also Read: Bitcoin Fractal Repeats: Prepare For A Ral…