How high can the crypto bubble go and how to make a lot of money until it bursts

I tend to agree, but I asked myself this:

As it turns out, A LOT.

At its peak, the total market valuation of companies in the NASDAQ was 6.6T. This number makes the total cryptocurrencies market, valued at $730B look small.

Nasdaq crashed 78% within the next 30 months and did not recover until 15 years later, but people that sold their stocks in February 2000 made a lot of money.

By the way, those that played the long game and didn’t sell when the crash happened saw recovery and NASDAQ is now worth $11T.

This data is more complicated since there are several factors that went into it and is a bit harder to untangle.

A good proxy would be net worth of US households. This index considers the assets that Americans have, and largely affected by house prices.

“U.S. household and non-profit organization net worth rose to a pre-recession peak of $67.7 trillion in Q3 2007. It then fell $13.1 trillion to $54.6 trillion in Q1 2009 due to the subprime mortgage crisis.” (Wikipedia)

So, the size of the housing bubble is about $13T..

The point in this post is that if we are in a bubble, we might have 9X-15X more to go. Some people will make a lot of money, some people will lose all of it. My recommendations:

Happy to hear your thoughts

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