$25 Billion in 30 Days: Are Cryptocurrencies in a Bubble?
A few quick points to note:
- Combined market cap for all public cryptocurrencies is up 80%
- Approx USD 20bn of investment has flooded the market
- In 30 days, total market cap for all cryptos has ballooned from $27.8bn to $49.5bn
- Altcoins are up a staggering SIX HUNDRED PERCENT, surging to a market cap of 23.5 Billion from 3 Billion in March
What do you think? Does this seem like a gold rush led by unthinking, reactionary speculators who will dump as impulsively as they bought? Or do you think there is still much room to grow? What position are you taking - hold or sell? What time frame?
Yo estoy comprando ETH
The only bubble is the space in the central banker's heads.
I think crytpto currency is at the beginning stages as more people pile in. I think a bubble is still a while away. Most crypto coins are limited, unlike fiat currency which is unlimited and printed all the time.
It's very fast, so I would not be surprised to be a temporary reversion to a lower price. the progress is real though, and it's exciting times.