Putting Bitcoin and Ethereum's Recent Meteoric Price Rise into Perspective
Here, BTC and ETH on a long-term logarithmic scale plotted together from 2013 to date:
BTC on this chart doesn't look scary at all.
The same chart most of you see it on various publications as something looks like this:
This one sure looks a lot more crazy. Yet, separately, BTC looks like this:
and ETH is:
While they all are correct, as only the ways they are plotted are different (on a log or linear scale, with different time horizon etc), but in order to measure an asset's long-term value, one needs to look at the longer time horizon on a log scale.
The first chart.
Thanks for reading.
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