We are far away from the real bubble in Bitcoin
There have been many articles and rumors around the speculative price bubble forming in 
Bitcoin (and the cryptocurrency market as a whole)
Today, what would mean a bubble with the size of the one formed back in 2013?
It would mean a 5127% increase in the price ofBitcoin from the level it broke the resistance in its logarithmic trend. In the course of 11 months.
This equals, approximately, a price of $102,000 per Bitcoin and a market capitalization of 1.725T (One trillion and seven hundred twenty five billion dollars)
And if we hit that number we'd be all popping champagne bottles.
However, we are very far from such a bubble- 1.65T (One trillion and sixty five billion dollars) to be precise.
For that reason we can only enjoy the ride, sit back, relax and wait for the dollar to inflate itself.
To the moon!
Bitcoin (and the cryptocurrency market as a whole)Today, what would mean a bubble with the size of the one formed back in 2013?
It would mean a 5127% increase in the price of
Bitcoin from the level it broke the resistance in its logarithmic trend. In the course of 11 months.This equals, approximately, a price of $102,000 per Bitcoin and a market capitalization of 1.725T (One trillion and seven hundred twenty five billion dollars)
And if we hit that number we'd be all popping champagne bottles.
However, we are very far from such a bubble- 1.65T (One trillion and sixty five billion dollars) to be precise.
For that reason we can only enjoy the ride, sit back, relax and wait for the dollar to inflate itself.
To the moon!
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.