Cryptocurrencies vs worlds biggest bubble

in #crypto7 years ago

Cryptocurrencies vs worlds biggest bubble

Hello fellow Stemians, today we will dive deep into the biggest bubble in world's history, the global debt bubble, I am gonna try to compare it to cryptocurrency because a lot of people say the cryptos are in fact a bubble.
First of I do believe Crypto, in general, is a bubble but is still in its early stages, there is a huge amount of new cryptos in circulation and ICO´s coming around every day, once it reaches a point of saturation it will eventually pop like any other financial bubble and only the good cryptocurrencies, tokens and projects will survive (I hope Steem survives eheheh).
Yet the biggest bubble today and possibly in world history is the debt bubble, private and public, there is so much debt in circulation it's impossible to pay it off, and every second, minute and hour more and more debt is created and more and more compost interests add to the bill.

Let´s start with the most famous Public Debt: Greece

Greece Public Debt: 315 800 625 276 EUR vs Crypto market Cap: 73 776 852 122 EUR

Really?? the debt of the Hellenic government is bigger than all cryptocurrency together!! It´s three times bigger!! WTF??!!
Ok, I get it, Greeks don't work, they just go get some nice Mediterranean sun and that´s why they have so much debt, let's look at real hard workers? yes!

Germany Public Debt: 2 137 243 183 156 EUR vs Crypto market Cap: 73 776 852 122 EUR

I understand it´s easy to explain, Germany was destroyed after World War II, they got into loans, now they are paying it back!!!

Finland Public Debt: 140 467 436 500 EUR vs Crypto market Cap: 73 776 852 122 EUR

Now I am lost, a nation with just 5,4 million people living in its borders as so much public debt, again bigger than the total crypto market... the only logical explanation is one: Finnish people are spending too much money on saunas and on the Santa Claus factory...

United States Nation Debt: 19 962 420.... over 19 trillion!! USD vs Crypto market Cap: 84 455 672 799 USD

Bombs cost money, Uncle Sam should stop dropping so many bombs and pay back your debts to the good hard working people and awesome bankers that gave you the money!!

Conclusion:

National Debt is the biggest bubble today over the heads of governments and its citizens and if the crypto market will see any bubble, it is still very early in its stages of formation, a lot of the fiat money will come into cryptos before we should be worried about saturation in cryptocurrencies.

Sources: coinmarketcap.com for cryptocurrencies; http://www.debtclocks.eu/ ; http://www.usdebtclock.org/

If you liked the post be sure to upvote and comment!!
Peace, Carlos

p.s. Sorry if there was too much sarcasm in this post, won´t happen next time ;)

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I wonder if the debt bubble will ever pop....

It will have to, sooner or later, we should do like the Icelandic did, not pay it and it reset.
Peace, Carlos

Thank you for your good news. Followed !

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