/biz/ - Business & Finance

>What is it: This chart shows how long it has taken bitcoin's price to double (blue line), at any given point in time. BTC's price is also shown for reference (orange).

>Why it matters: It's clearly visible from this chart how price peaks coincide with very short doubling-times. For example, at the Dec 2017 peak, it had taken price only 16 days to double. Note that these calculations are using daily volume-weighted-average prices from multiple exchanges (using candle data from individual exchanges would likely show even shorter doubling times due to price wicks).