Is growth this quick sustainable though? I wholeheartedly believe in the potential and utility of cryptocoins and the blockchain, but I feel like a lot of the recent growth is people scrambling to "get in early" into the perceived gold-rush. Many family friends have asked me to help them purchase whatever coin they heard on the news will make it big, which I feel is partially responsible for these crazy market caps; It's a gut feeling and I'd love for someone to prove me wrong... Is most of the recent growth because of speculation?
RE: $10T In Marketcap For The World Computer? Is He Underestimating It?
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$10T In Marketcap For The World Computer? Is He Underestimating It?
The growth in this market is because of the growth in blockchain. Wall Street does not have enough money to outpace that growth.
That said, you can pick an individual token and see that it is overpriced. There will be tokens that fail and become worthless. On an individual basis, it is buyer beware. There is a lot of junk out there.
However, as an industry, there is no amount of money which can grow quicker than the innovation we are seeing on here. This is going to be unprecedented.
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