I always love to watch your videos and your insight, even though I frequently disagree with you LOL...
This was a good video, but I don’t understand, with your continual talk of a bubble, that you never mention that less than .5% of all people are involved in crypto currency worldwide, and in the US it’s still less than 1%... as Amazon, eBay, and more companies that continue to except crypto currency as a form of payment continue to adopt crypto currency, the user base will likely increase to 10% within the next few years, likely bringing at least a 10-20 times gain into the total market capitalization. And I believe in my lifetime, within the next 30+ years, that number will increase to 75% of all worldwide people using CryptoCurrency.
Another thing to put into perspective, with the total current market capitalization being around $500 billion, that is only 1/3 of Google stock market capitalization, just one company. From my perspective, this is far from a bubble. Also, not to mention this week, that the total market capitalization literally dropped by 1/2, from $840, billion-$420 billion.... it seems fair to say that the Bible has just popped, and the market capitalization will likely be well into the trillions of dollars by year end.
So why so much continual talk of a bubble? Seriously, listening to your videos totally freaks people out. It’s like you have a thing for spreading fear, and doubt, like you kind of get off by freaking people out or something LOL . But at the end of the day, there is little doubt in my mind that crypto currency will continue to surge ahead full force, even though there are many setbacks along the way with corruption, Financial institutions, and governments trying to tear it down. So no need to freak people out. These are mear setbacks, not bubbles. When people hear the term bubble, I guess it has different insinuations to different people. I personally do not like the term bubble in reference to the crypto market these days, even though we might be saying the same thing. (Bubble vs. setbacks)
RE: Why Bitcoin is Perfect for Most First-Time Investors