Bitcoin Bubble Deja Vu

Dr Alexander Denny: You know you don't have to do this.
Doug Carlin: What if I already have?
--Deja Vu

In late 2017 we wrote about the bubble in Bitcoin. Price ultimately peaked at about $20,000 before collapsing.

Once a bubble pops, it is unusual to see it re-inflate--not for some time. But here we are again experiencing some Bitcoin bubble deja vu.

Same shape to the chart--but with triple the effect. Makes the previous run-up look amateurish. 

After touching $60,000+ a couple weeks back, price has since fallen by about half. 

With more pain almost certainly pending...

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