It is not a bubble !!
Most of you were probably not happy at coinmarketcap in the last couple weeks.
As of today, we see a marketcap of 308 Billion USD
And the BTC price is at $7.900 right now
So many people are talking about a bursting bubble once again because prices have dropped like crazy over the last week.
But do we have a bubble? or was this the burst of the bubble?
To look at this I was comparing the market cap with the market caps of big cooperations.
Looking a the most valuable companies, we can see market caps that are about the same.
right now the entire cryptocurrency market has a market cap similar to Walmart.
And even though Walmart is a huge corporation, I think this shows how low the market cap is right now.
We are talking about 1564 different coins right here, an entire market and a new technology.
And all of this has as much money invested in it, like a big wholesaler from the United States.
I know this is not any kind of proof, that the market will go back up.
However, i think its a good indicator and I'm sure we will see prices go back up again.
Followed and Upvoted, Keep up the good work and looking forward to more from you.
For future viewers: price of bitcoin at the moment of posting is 7836.00USD
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