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Bitcoin matches 5-year-ago price, Joe Burnett notes

Bitcoin matches 5-year-ago price, Joe Burnett notes
Bitcoin price revisits 5-year level

Bitcoin is trading at levels last seen 5 years ago. Joe Burnett pointed out that the only other time Bitcoin's 5-year return dropped this low was in December 2022, two weeks after the last bear market bottom. Burnett also cited a 75% compound annual growth rate for Bitcoin over the next 3 years and expressed a personal preference for the asset.

Burnett has previously pointed out major events in the digital asset space, including the reported $5.5 billion Binance hack, which he called potentially the largest theft in history. In a separate note, he highlighted when Strive surpassed Atlanta Braves Holdings in market capitalization with a significantly smaller workforce. These observations build on his continued analysis of market milestones.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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