I couldn't agree more. This huge rise from 8 to 20k was incredibly unsustainable and people have been throwing money at literally anything.
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I couldn't agree more. This huge rise from 8 to 20k was incredibly unsustainable and people have been throwing money at literally anything.
And possibly market manipulation!
I suspect the entire crypto market is overvalued by any reasonable measure, the question is whether the value catches up to the price -- in which case, the sky's limit -- or whether the price drops to match the value, which isn't clear yet.
Good news is, only a tiny, tiny fraction of the world's wealth is tied up in cryptos. Finally, real companies are leveraging the technology. I suspect the sky's the limit. What do you think?