Bitcoin Recovery Before Biden Leaves Office? What the Data Says
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Market data for bitcoin, the oldest crypto, only goes back to 2010 on many data sources. The Dow Jones Industrial Average has declined more than 80% once in its 126-year history. If history repeats itself, bitcoin could trade at new highs in 2023 or 2024. The first 80% decline recovered in less than two years. The last two big recoveries took about three years. That means we could see a recovery while President Joe Biden is still in office. There no longer seems to be a plausible use for the crypto. If it has no utility, it probably isn’t worth $60,000. It’s also not worth zero, so some recovery is possible. If proponents find some way to use their coins. Source