More and more people are calling Bitcoin
a bubble regarding it's impressive market capitalisation, and the exponential growth that we've seen the past few month. But let's just do the math, Coinbase has 10M users, it would not be too overestimated to assume that there are 100M investors arround the world (approximately 1.5% of the population), if the average investment per person would be 1k, the market cap would be around 100 billion $. Moreover, we know that a lot of coins are lost, or people are HODLing until mainstream adoption ( Bitcoin
is a mean of payment, a bad one for now, but taxes don't apply if you are not selling, so people have interest to wait for the time when we will be able to use it everywhere). Regarding the huge publicity for Bitcoin
in the media recently, this growth is expected to continu, and I don't think we are in a bubble for now...
But it may come, if the speculators FOMO is too much, and the coin is not used like it has been design to (adoption missing), well we could see a god damn burst!
Remember that the altcoins are there too, and some are undervalued compared to the use case they will hopefully have in the future :)