CEO Ambrosus: capitalization of the stock market will reach 20 trillion dollars
Source:In 2017, Bitcoin and cryptocurrencies in General most often compared with the dot-com bubble. In 2018, this comparison became even more popular, as many opponents of the crypts in one voice insists that the Bitcoin bubble supposedly burst. At the CEO Ambrosus Angela Vercetti has a different opinion — according to him, the most epic bubble lies ahead of us.
theBitcoin will continue to grow
According to Vercetti, to compare the Bitcoin and the dot-com pointless. However, some similarities between them all is — overvaluation of start-UPS and too high hopes for their future. Recall, that not every tech company that survived the dot-com bubble.
At the same time one of the inhabitants does not believe that we have already passed the stage overvaluation of the stock market. In his opinion, the biggest bubble yet to come. It «development» will contribute to the institutional investors and even banks who massively want to make money on the crypt.
When waiting for a new peak? The analyst didn't give an exact price framework, instead, it is recommended to focus on the capitalization of the market. The next time it reaches its maximum at a total cost of 20 trillion dollars.
With the point of view of the inhabitants according to analyst eToro Matthew Newton. He said that any comparison of crypt and dotcom are «pointless». But the bearish trend, on the contrary, can be very useful, because he «shakes from the market» all those who want to make a quick profit.
image Source — Bitcoinist
One of the main advantages of the bear market — it removes from the game those who do not believe in technology. Real investors can see the potential of the blockchain and will be in the game as long as possible.
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