Is Cryptocurrency a Bubble that has popped?

Is Cryptocurrency a bubble? Well first, let's take a look at what the definition of a bubble is. According to Wikipedia, "A financial bubble is a type of economic bubble taking place in financial markets when market participants drive prices above their value in relation to some system of its valuation."

So in simple terms, a bubble is something that causes a stock or crypto to be driven about what it's actual worth--something that can essentially "burst" or "pop" at any time. Among the research into what a financial bubble is, its hard to say in terms of total market cap what would be characterized as a complete collapse of the market. 10 billion dollars? 50 billion dollars wiped off all at once? If you've been in cryptocurrency for longer than even just a few months, you know that the markets can and will fluctuate by billions of dollars each and EVERY day. If you're in crypto, you have realized that the volatility is extremely high, and have probably also realized that it is in this very market in which the potential to make insane profits is real.

Demand drives price. With most cryptocurrencies (With exception of a few) there is a finite amount of coins that will ever be circulating in the crypto markets. With Bitcoin, as an example, there will only ever be 21 million coins. With Bitcoin being a "gateway" coin to other cryptocurrencies, there will always be a demand for Bitcoin. What I mean by gateway coin, is that in most (but not all) cases Bitcoin is needed FIRST in order to become invested in altcoins such as Ripple, Icon, Neo, etc. This alone will maintain this demand for Bitcoin in addition to its store of value as digital gold.

Yes, Bitcoin was priced at up to $20,000 earlier in the year. Yes, Bitcoin is currently hovering above $6,000. Does this mean that crypto is a bubble? Well, let's take a look at prices in early 2017. In early 2017 alone, Bitcoin was priced at around $800 USD per coin--still an over 600% increase from 2017 to now. Had you invested in Bitcoin in 2010, well, a $10 investment would have yielded millions and millions of dollars in return.

If you believe that the prices of crypto are artificially inflated and are set to "burst" at any time, you may be right or you may be wrong. Whatever the case may be, what stands to be evident is that cryptocurrency is revolutionary technology that is being built on the foundation of blockchain technology. Due to this fact alone, I believe markets will exceed by a tremendous volume their previous all time highs. Not only is it what I believe, but it is what has actually occurred time and time again, and has yet for this pattern to be broken.