Noting that the value of tech stocks at the height of the dot - com bubble was many times the size of the current cryptocurrency market (with a total value of about $ 519 billion), Citi's report conceded that it may be a while before
the crypto bubble bursts: «Bubbles can build in plain sight, be duly identified, and prove highly durable for a period measured in years.»
When
the crypto bubble bursts who is going to get hurt?
The aggressive sell - off from over $ 19,000 late last year to just above $ 7,000 earlier this month was most likely
the crypto bubble burst that we'd all been waiting for, clearing out all those late to the party.
Not exact matches
For those of you who still think that
crypto is a fad, I'm here to
burst your
bubble (pun intended).
If Bitcoin's
bubble bursts, this sudden fall in price will put insurmountable pressure on
crypto exchanges as users exit their
crypto positions to fiat.
If the Bitcoin
bubble were to
burst, it wouldn't pose any risk to the global economy, as the entire
crypto market cap is still too small.
While the rationale for his decision makes sense, many in the
crypto - community saw this as an attempt to reap the rewards of an escalated coin price before the «
bubble bursts», as many cryptocurrency critics claim will eventually occur.
Having always been number two, Ethereum is often said to be one the projects that will definitely survive the potential
burst of a
crypto bubble.
Even though lots of people refer to the cryptocurrencies» grows as to a
bursting bubble, the report proves that belief in the
crypto sphere is strong.
Whenever prices begin to shift, or the famously volatile
crypto - market fluctuates, pundits are quick to declare the
bubble burst and the movement over.
Last time we heard from him on the matter, he called
crypto market a
bubble which could
burst anytime.