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RE: $19,000: Bitcoin Hits New All Time High After Burst Of Asian Buying; Bigger Than Wells, Wal-Mart

in #bitcoin7 years ago

Is bitcoin a bubble? In my opinion, we have to wait and see.
Consider that we are in a world were all financial markets are flooded of liquidity pumped by central markets. What will happen when stock market bubble will touch his peak, when bond returns will decrease because of huge demand pumped by central banks?

Then, in my opinion, we will see a huge capital inflow into cryptos. Simply, big funds and investor will look for higher return to escape a frozen market.
This will be the time of BTC and crypto economy to moon and reach new unexpectable milestones.

Anyway, consider also that 500 bilion $ of total market cap is a very small value, if compared with all financial economy. There are still a lot of growth margins for all cryptos as liquidity inflows on exchanges
So yes, maybe this is a bubble.. But we are still in the formation phase. Wait for a really bigger growth..

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I agree completely with your assessment.

$500B is still small when you consider that the gold market cap is $8.5T and there is over $5T traded in the Forex markets each day.

The stock market run has been going on for 8 years...at some point it will end and I agree, a 25% to 30% pullback will shake a lot out. Crypto is only just beginning. The blockchain technology is revolutionizing the world. Ultimately, almost everything will end up on the blockchain. We will see values go through the roof over time.

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