Why Cryptos still aren't in a bubble - addendum
This is a follow-up post on my own article : what we can learn from the Dot-com bubble, and how Cryptos are nowhere near that stage.
I just stumbled upon another argument that went against the idea that we're in a bubble:
The dot-com bubble was a crash that happened on the Nasdaq, an american exchange. Cryptos are, by essence, a worldwide phenomenon. A lot of investments are made in Asia : 20% of today's volume has been with korean and japanese exchanges (https://coinmarketcap.com/currencies/bitcoin/#markets).
So let's recap. The total market cap of cryptos is 0.33 trillion USD right now. When the dot-com bubble burst, the ATH was 6.71 trillion USD. Taking into account inflation, that ATH was 9.52 trillion in today's dollars. Taking into account that the dot-com bubble was a "local" bubble, the ATH of a global dot-com bubble would've surely been higher than 10 trillion, and probably higher than 15 trillion. The current market cap of cryptos is a ridiculous 3.3% of 10 trillion USD. We simply are nowhere near an actual bubble, at least if you believe cryptos will shape the future, just like the Internet did.
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STOP:D
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STOPhappy now?
do you realise downvoting on posts older than 7 days is literally wasting your voting power?
you start to offend
maybe i did a bad translate of your first post......i understand this now......2 minute ago......''great ''was translate like'' enought''...................im italian....but you gò crazy.
you offended me first