Cryptocurrency crash now worse than dot-com crash

Cryptocurrencies bomb and have now surpassed the dot-com crash of 2000, Bloomberg reports


It’s no big secret that cryptocurrency has been spiraling downward in recent months especially when it comes to the latest and greatest alt-coins but it now appears digital blockchain currency has reached yet another turning point by plummeting worse than the dot-com bubble did in the year 2000.

The MVIS CryptoCompare Digital Assets 10 Index extended its collapse to 80% on Monday surpassing the Nasdaq Composite Index’s 78 percent peak-to-trough freefall following the 2000 dot-com bubble after virtual currencies have fallen to record lows, Bloomberg reports.

From Bloomberg:

Like their predecessors during the Internet-stock boom almost two decades ago, cryptocurrency investors who bet big on a seemingly revolutionary technology are suffering a painful reality check, particularly those in many secondary tokens, so-called alt-coins.


“It just shows what a massive, speculative bubble the whole crypto thing was — as many of us at the time warned,” said Neil Wilson, chief market analyst in London for, a foreign-exchange trading platform. “It’s a very likely a winner takes all market — Bitcoin currently most likely.”

Now the question remains: Will people stay in crypto or get out of it?

Will cryptocurrencies recover from their recent crash and return to dominate over traditional currencies?

Please comment below and share.

The Shepard Ambellas Show is an all original fast-paced comedy, variety, news show where nearly everything goes. Shepard Ambellas is the founder and editor-in-chief of the popular independent news website (news and politics). Bethany Adoni sits shotgun. The Shepard Ambellas Show airs LIVE weekdays (Mon-Fri) on the Shepard Ambellas YouTube channel from 5-7 pm Eastern/4C/2P. (CLICK HERE TO SUBSCRIBE) Turn notifications on immediately. The show is nationally syndicated on iHeart Radio. An archived version of the show is also available on Apple Podcasts, Spotify, Google Podcasts, Castbox, Deezer, Podcast Addict, Podchaser, JioSaavn, and Spreaker for you listening pleasure.