What is everybody thinking about the fact that the total market cap of crypto is about 1% of the worldwide stock market cap. I would argue that viewing it that way, its hard to avoid talking about a bubble. I would suspect a huge correction at some point. Do you guys share that view or do you think I am missing something?
1% of worldwide stock market cap is still big but like you I also suspect a huge correction at some point since bitcoin will not go on a bullish trend forever. I am sure that someday it will show a bearish trend and I think this way because right now bitcoin is not really being used mainly as a currency but people use it for speculative purposes in order for them to profit. If that is the case, at some point they will dump their coins they hold.