These days, the most sophisticated thing to talk about during conversations about financial markets and investments is....
....BUBBLES!!!
People are quick to point out that the stock market is in a bubble and lately the most popular bubble "boy" is the Crypto market.
The world is like George Costanza reading the scripted "answer" (which is obviously incorrect) that surely unlimited fiat ponzi paper backed by nothing but ever-increasing debt and corruption is somehow more valuable and trustworthy than cryptocurrency on the blockchain.
Sorry if you've never seen this episode of Seinfeld with the Bubble Boy....
In any case, I would like to do a quick comparison of what people are referring to as "bubbles" in today's marketplace.
One could purchase all the cryptos in the world including all Bitcoin and Ethereum 5 times over with the market valuation of Facebook!
The market somehow thinks that Apple Stock is worth almost 10x the value of all the cryptos in the world....
Google is 7x larger than all cryptos in the world...
Then there is Amazon trading at 197x it's earnings.. (well at least they have a useful product/service some might call monopoly)
Just these 4 companies could buy all the cryptoscurrencies in the world 27x based on their current market valuations!! So ya, remember that next time someone brings up the "B" word and tries to say that the cryptosphere is the Bubble Boy.
