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RE: Facebook lost $90B in market cap this month, yet it's still 40% larger than the entire Cryptocurrency market cap
Total mcap world stockmarkets +/- 80 trillion. Totalmcap forex = 8 trillion. Total mcap gold = 8 trillion. Total +/- 100 trillion.
Crypto total mcap 350 billlion. 300x smaller.
Dotcom bubble was 10% of total world stock market when crashed.
Meaning cryptos is in potential bubble at 10 trillion mcap. 30x these levels. But as we all know..tech stocks are way higjer now than at the peak of the 2000 bubble.
Weve seen nothing yet.