Not sure if its comparable for the one fact that Wall St has entered this game...and will be moreso slowly .
BTC is in a different area now...so the result might (i emphasize) might be different.
Now the alt coins....with all those fantasy evaluations of certain coins...this might create a more"honest' market in that sense.
How many coins that you have seen that are just concepts...that's it?
I've seen too many to my liking.
In Early December, it was "We'll be at 30k soon because Wall Street may enter the game" - then the end of year decline happened and everybody goes "this is special because Wall Street entered the game" - but it hasn't really, there's just the futures so far and futures are a parallel market (which may influence the psychos who desire to be influenced by it psychologically) only.
Most investors are just gamblers, rationality is not their forte.
Institutions haven't really bought into Bitcoin so far, but they will.
If the mere hint of that already sends the chickens flying, there will be lush grazings for the ones who play along with Wall Street rather than the chickens.
Bullshit.
So far, there's absolutely nothing special in this early year bear market.