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by reti 3116 days ago
Why does the chart suggest bitcoin has only been around for a year?
2 comments

Because it helps tell the narrative of a "bubble".

If bitcoin is a bubble, it will scare away investors.

If it is not a bubble, then people might take money from elsewhere and put it into bitcoin.

Look at the people who have an interest in bitcoin being a bubble, and you'll see the strings they are pulling on.

it looks more dramatic. but even if you scale it back to 2010, the ascent would be just as steep.