The crypto bubble will be the largest asset bubble ever seen due to its global reach.
Remember hearing about Tulip Mania?
The Nasdaq and the dotcom bubble of the late 90's?
Small potatoes compared to what is coming in the crypto markets.
Why do I think that you may be wondering?
It all has to do with how global this asset is.
This might be the first time an asset bubble can affect every country on the planet. Yes yes I know, you were thinking that the housing crisis in 2008 ended up affecting pretty much the entire globe.
You would be right in those thoughts except that it only affected the entire globe AFTER it burst and the after effects were felt by many different countries in many different regions world wide.
Due mostly to how interconnected our financial markets have become over the last few decades.
Before, it was mostly American's and a few wealthy foreigners buying up US real estate.
However, this crypto bubble is a different animal all together.
This is the first time in history that there will be an asset that is desired by different people in every corner of the world.
(besides gold which is worth close to $7 trillion by the way)
Kids in Indonesia are buying crypto, people in Bangledesh are buying, and don't even get me started on South Korea. They have ATMs and college courses completely dedicated to crypto already.
What is going to happen when these places start getting better ways to purchase these things?
What is going to happen when crypto prices start running up again and everyone tries to get on board all at once?
We are going to see FOMO like we saw back in 2017, except this time there are even more people ready to buy than there were last time.
We have more exchanges, we have more awareness, and we have more institutional money that will be buying on the next surge.
Plus we are starting from a much higher base...
(Source: http://www.bitcointalkradio.com/for-bitcoin-moon-just-wait-till-institutional-investors-show-up/)
Moon time is coming!
Add all that up together and you get a picture of my Mike Novogratz says this won't really feel like a bubble until we are sitting near a $20 trillion market cap.
Remember, there are 7.6 billion people in the world, what happens when a large portion, or even a small portion of them, all want a piece of the crypto action?
Moon!
Put that in your pipe and smoke it.
Stay informed my friends.
Image Source:
https://news.bitcoin.com/abra-finally-launch-global-bitcoin-network-next-month/
