Thursday, 22 March 2018

Are We in a Cryptocurrency Bubble? The Evidence is Strong

Are We in a Cryptocurrency Bubble? The Evidence is Strong

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Given the flurry of news about cryptocurrencies over the past several months, it's difficult not to get excited at the prospect of quick profits. The industry has grown exponentially, topping $120 billion in total market cap after many of the leading tokens have catapulted to record high price levels since the start of the year. And yet, there are analysts who caution that such meteoric gains can not be sustainable over the long term. While there is ample talk of cryptocurrencies taking over in a major way, including speculation that crypto space may outpace cash over the long term, there are many voices suggesting that the digital currency world is also representative of a bubble

Read more: More Evidence that Cryptocurrencies Are a Bubble? | Investopedia

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