Hello followers that day i want to write this article
It appears we are in a Bitcoin Bubble according to JP Morgan Chase chief executive Jamie Dimon.
Apparently, it's worse than Tulip Mania.
The Tulip Mania bubble is very famous. At some time in history (17th century), the Dutch went nuts for tulips and the price shot up to extreme levels.
It is said that some tulips sold for over 10x a skilled craftsman salary.
When the people collectively realized this was nuts, the price plunged and the bubble popped.
But Bitcoin is worse, so I'm told by a guy who's industry is under threat if cryptocurrencies succeed. I think that's funny.
If only they were this good at warning us of a housing bubble.
The total cryptocurrency market cap is 140 billion dollars. Bitcoin is 65 billion. That is less than the European Central Bank print every month to keep the economy going.
The debt of the US just went through 20 trillion (20.000 billion). Just to put it in some more perspective.
I'll think I'll keep my crypto for a while longer!
Have a great day.