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Crypto is Bubbling, but the Story Remains Intact | The Mesh Report

Crypto is Bubbling, but the Story Remains Intact

Growth Stock Network December 1, 2017 Comments Off on Crypto is Bubbling, but the Story Remains Intact

As I write, the price of bitcoin just smashed through US$10,000, and has pushed up through US$11,000.

That’s amazing when you consider it was just US$300 in January 2015. At the beginning of 2017, it was just under US$1,000.

And it’s not only bitcoin that’s on a tear. Dozens of crypto tokens are up hundreds of percent over the past few weeks.

Now, we’re seeing a lot of self-congratulatory backslapping from crypto investors. Folks talking victory laps, bragging about their returns. Hubris.

This makes me uncomfortable.

It’s easy to feel like a “genius” in a raging bull market. But make no mistake, markets don’t go parabolic forever…

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Photo: “Bitcoin Bubble: Will it bust?” by wuestenigel is licensed under CC BY



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