You are viewing a single comment's thread from:
RE: Are Crypto Valuations Way Outstretched? Trend is Your Friend Until it's Not
It's hard to tell. It seems like the crypto world is unstoppable right now, but then again so did the dotcom bubble. If this is a bubble, it's not easy to say right now when it might pop.
If this is the dot com bubble all over again we have only just started if you believe this.
I tend to believe the same, that we are in a mid-stage of the potential bubble. Interestingly, retail investors are just getting in and are 10 times bigger in population relative to the late 1990s. There is sure a lot of cash and capital floating around ready to move into markets. However, if we look at a similar chart of market cap % increase, we are actually past what the Dotcom bubble did. Also, have in mind that some of the $10 trillion in market cap were big players that exist today (i.e. Microsoft, Intel, etc.). As you can see, the market cap settle at 40% of the top so expect flight to quality when it is said and done.