3 Reasons Why the Crypto Market Isn’t in a Bubble (Yet)
Many investors worry that the crypto market is getting too hot to handle. Here are three robust reasons to calm down and smell the encrypted roses.
Every few years, a soaring asset earns dire comparisons to tulips or to tech stocks in 1999. With Bitcoin (BTC 0.97%) now above $118,000, up 407% in the last three years, those warnings are back. Getting the timing wrong can mean missing years of upside, or, worse, buying just before the music stops.
But the market probably isn’t in a crypto bubble just yet, on the basis of three reasons in particular. Together, these factors doubtlessly signal enthusiasm in the market, but not the runaway fervor that defines a bubble, so let’s examine each of them.
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