It will continue to do this until the dollar collapses or the gov makes it illegal. What we are seeing is people trading their wealth in dollar, Yen, or any other currency into crypto wealth. This rally is only the beginning. It is going to be a volatile ride, but when you look at the chart over all in a few years, this will look like a line going straight up. This is an awaking for how worthless government issued money is. It either goes into history as a new sort of renaissance or the government stops it. I think that with such big players in this now, it is unlikely government will stop it.
That I don't know. I do expect corrections along the way but I don't see why in the long run steem market cap couldn't be closing in on facebook or other social media company which are valued at several billions dollars each.
It will continue to do this until the dollar collapses or the gov makes it illegal. What we are seeing is people trading their wealth in dollar, Yen, or any other currency into crypto wealth. This rally is only the beginning. It is going to be a volatile ride, but when you look at the chart over all in a few years, this will look like a line going straight up. This is an awaking for how worthless government issued money is. It either goes into history as a new sort of renaissance or the government stops it. I think that with such big players in this now, it is unlikely government will stop it.
That I don't know. I do expect corrections along the way but I don't see why in the long run steem market cap couldn't be closing in on facebook or other social media company which are valued at several billions dollars each.
Thank you.