Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin be in a bubble?
by
Mir Jan
on 26/12/2017, 11:53:54 UTC
Impossible to know for certain. But here’s the contrarian view:

If there is just a 1% chance that cryptocurrency is “the future of money,” then the entire sector is currently undervalued.

The global money supply currently stands at $90 T, so 1% is $900 B. The total market value of all cryptocurrencies is just under $270 B.

And, I personally believe there is a greater than 1% chance that crypto is the future of money. My gut tells me it’s closer to 20–30%.