Is The Cryptocurrency Market In A Bubble?
For those that think that crypto-currencies are in a 'bubble', consider that Apple is worth more than $700 billion alone. Then consider that this is only one company compared to cryptos total market cap of around $100B.
Do you honestly think that this completely new and revolutionary industry that has attracted the attention of individuals, global corporations, and governments and is already spawning new ways to communicate, trade, and do business won't be more/do better than/be bigger than Apple? It seems a little unreasonable..at least to me.
Consider again that the entire gold market is around $8 trillion. If only 1% of that goes into the crypto market, that would almost double the size of the entire market from its' current value. Is it reasonable to think that the crypto space won't get any bigger?
What about those that will choose to diversify from stocks or real estate?
I'm not a genie, just making the point that cryptos have a long way to go/grow.
Nice post. Completely agree.
All I can comment is that I'm happy I found crypto now than in a few years. I only wish I kept my bitcoin back I had back in 2013
Nice and uplifting comparison! It is still a rather new and volatile market and the technology could potentially be made obsolete by other tech inventions. Still with our current knowledge I do agree with your optimistic views - Blockchain and cryptocurrencies could be a game changer to our society with great potential earnings for early adopters.
Thanks for sharing your thoughts