Total Cryptocurrency Market Capital Exceeds $300 Billion

With Bitcoins crazy bull run this weekend we have seen the total market capital for all cryptocurrencies combined now exceed $300 Billion.

From Coinmarketcap.com:

cryptocurrency market capital exceeds $300B

With Bitcoin set to reach $10k within the next couple weeks the crypto market capital is also likely to follow it’s path. Are we in bubble territory yet?

Well, another bubble maybe more accurate. If you look back over the history of Bitcoin this trend we are seeing right now doesn’t look to much out of place. Yes we can expect a correction, but don’t expect it to last more than a few days if your lucky. Bitcoin is undervalued, it is only just being taken seriously and there are way more people now investing in Bitcoin than there are Bitcoins in circulation – Now, think on that one!

 

2017-12-07T07:42:47+00:00

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