Crypto is a hot trend of late. The cryptocurrency market hit over $1,000 billion in market value in 2018, and it’s likely that we will see the market cap rise to $1,300 billion, which is a huge number.
The reason crypto is overvalued is because those holding the first Bitcoin are very wealthy, and those holding the second Bitcoin are very poor, and those holding the second Bitcoin are not as wealthy as the first. We have seen some of the most powerful crypto personalities in the world, but we don’t have a lot of money left for them. If we didn’t have any money left, we wouldn’t be seeing the market cap rise.
The crypto market is so small, I doubt it will do much more than hit a billion dollars in a week. But you can be sure that some people are going to try to take advantage of it. I for one am not going to bet against them.
No, I’m not going to bet against the Bitcoin.
But I do think that the crypto boom is a bit overdone. It’s too easy for people to get rich off of crypto, but I dont think that they should. I think that the entire crypto market is a bubble. I am not saying that they are making no money, just that it has just been too easy to get rich too quickly. If it werent for the market cap rising, the market would have been much smaller.
I agree with you. If the price of Bitcoin goes up, it is a bubble. If the price of Bitcoin goes down, it can be a bubble too. In fact, the drop from the peak of the Bitcoin bubble in 2010 to now is pretty significant. But I will tell you what. Bitcoin will not disappear. It’s too late. But this is a very big deal. It’s the first time since the Bitcoin boom that people are betting against Bitcoin.
If you take a look at the price trajectory of Bitcoin over the last year, it’s been a remarkable and unexpected rise. But this rise was not caused by a bubble, nor is it necessarily a bubble. The rise is a result of the massive amount of money being invested in Bitcoin, which has been the largest investment ever by a currency on a global scale.
But that’s not what’s driving the price. Bitcoin’s price has been driven by the massive global interest in the currency and the enormous amounts of money invested in it. And that’s what makes the price so interesting. The reason Bitcoin prices have been so high is because it has become the new reserve currency of the world. That means that everyone around the world can just say “I’m going to buy $X.
Yeah, so even though many investors are scared of the volatile nature of the currency, because they have not seen the real price as it has been driven by that, they are willing to pay a lot of money into it. Because what is driving the price right now is the fact that the world is becoming more open to the idea of using Bitcoin (it is the world’s largest cryptocurrency). Even though the currency has been used for illicit transactions, it has still been used as a store of value.
And so, I am going to take the money, invest it, and use it to buy a few X’s which will go into the crypto market. And then, so long as the market has enough volatility, I can expect to get more than a billion dollars.