Some interesting thoughts that crossed my mind today on the amount of room I think crypto space still has for growth. The market cap of all cryptocurrencies right now is about $416,998,204,401 ($0.417 Trillion).
The dot-com bubble went up to $6.7T before it “burst” (and yet some core products ultimately did survive). Adjusting for inflation, this would be more like $9.6T today. And the dot-com bubble was basically inside the US market, whereas cryptocurrency is a global phenomenon where anyone can invest, with a structure that allows for easy transfer of funds all inside a distributed public ledger, which challenges outdated models of value transfer and ownership records.
So with some rough math we can speculate that the overall crypto market can grow 23x, if it were to follow a path similar to the 2000 tech bubble, and if we take into account crypto’s global nature, it can go way beyond. This is just rough math but it gives you an idea of where we are as compared to where we were with the Y2K bubble.
Can we perhaps go even farther with the rough math? How many times do you think crypto can grow, or shrink? Share your thoughts below.