Mike McGlone|2月 10, 2026 12:10
Cryptos Match US Stocks 1929-30 -- What's Next?
The roughly 45% drop in the Dow Jones Industrial Average in 1929-30 has been matched by the Bloomberg Galaxy Crypto Index (BGCI) in 2025-26 to Feb. 9, potentially indicating the crypto collapse is nearing a nadir. My bias is bear markets are notable for sharp rallies, which should be expected, but the BGCI trades about double the volatility of the Dow during the 1929-30 crash -- and there's an unlimited supply of cryptos.
Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/ta8pickiupta {BI COMD}
#bitcoin #cryptos #stockmarket @markets(Mike McGlone)
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