The Bitcoin price up at the heights of $19,000-20,000 seen in 2018 may not be seen for another 22 years. UBS analyst made the bold claims after conducting financial analysis versus over market falls. UBS research analyst Kevin Dennean conducted some financial analysis on Bitcoin (BTC), he made a very bold and very controversial statement. Dennean said that Bitcoin will have to wait over 22 years to climb back to its earlier heights seen of $19,000 – 20,000. Dennean had made a comparison that the pattern of Bitcoin and the cryptosphere versus the trends of other financial system crashes such as the Dow Jones crash of 1929, the NASDAQ drop in 2000 and the oil crash of 2008. The UBS analyst detailed to how a lot of the cryptocurrency’s proponents stated that Bitcoin is en route to a bull surge because ‘other assets did that in the past’. He laid the reasoning for the delay of Bitcoin rising saying: WE’RE STRUCK BY HOW LONG IT TOOK OTHER ASSET BUBBLES TO RECOVER THEIR PEAK LEVELS (AS LONG AS 22 YEARS FOR THE DOW JONES INDUSTRIALS) AND HOW PEDESTRIAN THE ANNUALIZED RETURNS FROM TROUGH TO THE RECOVERY OFTEN ARE. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next US: Consumers are now bouncing back – NBF FX Street 4 years The Bitcoin price up at the heights of $19,000-20,000 seen in 2018 may not be seen for another 22 years. UBS analyst made the bold claims after conducting financial analysis versus over market falls. UBS research analyst Kevin Dennean conducted some financial analysis on Bitcoin (BTC), he made a very bold and very controversial statement. Dennean said that Bitcoin will have to wait over 22 years to climb back to its earlier heights seen of $19,000 - 20,000. Dennean had made a comparison that the pattern of Bitcoin and the cryptosphere versus the trends of other financial system crashes such… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
