Bubbles, Why Crypto's are not & neither were Tech stocks
BitCoin ‘hold on for dear life’ IG
What are the uses for CryptoCurrencies?
The Dotcom hit $6.7 trillion at its peak 17 years ago and today many successful companies such as Amazon, Google, Microsoft, Apple, etc... Are 10x the value of their dot com peak so bubble callers calling crypto a bubble at $160 billion market cap are stupid. Add in the fact that the M1 high powered monetary base in the US alone has expanded from $600 billion to $4 trillion plus the US government running $1+ trillion YOY annualized deficits (which guarantees inflation) and has effectively destroyed the bond market with multi-trillion UST bond for Fed note swaps I say this market will zoom past $5 trillion easily.
Supporting sources: https://steemit.com/cryptocurrency/@penguinpablo/if-the-cryptocurrency-market-is-a-bubble-right-now-then-it-is-a-very-small-one
Thanks for sharing. Love it. Followed...
Thanks for the follow please up vote it I would really appreciate it. :)
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