Those are both good points. Sure as long as new people invest in crypto it will grow and I guess in the end a lot will depend on the fact if crypto gets broadly adapted as a means to pay for goods/services. Then it will have “real value” above the speculative one and the whole discussion about bubbles changes completely.

However, my thought about this was: the whole stock market value is basically the value of all (joint-stock) companies. Meaning it represents the value of a huge portion of the whole economy of the world. I just find it hard to believe that the whole crypto market really worth one percent of that.

On the other hand there are already a lot of crypto adopting real world problems and being more or less shares of a company. So maybe I am mistaken with my assumption.

As you can see I am quite indecisive about this but find it an interesting topic. For that reason, I wanted to have a discussion about it.