During the dot-com boom, it was possible for a promising dot-com company to become a public company via an IPO and raise a substantial amount of money even though it had never made a profit. Or in some cases, realized any material revenue whatsoever. Pretty similar to an ICO right?
"BUBBLE":
Rush of investment from investors leading to invest in overvalued projects and lose their money after realizing that they paid a stock price 10X its "real price "
I don't like to say that crypto is a Bubble. Blockchain decentralization and smart contracts are together game-changing techs that create new business models, leading to real disruptions. It's an awesome time.
My opinion is that the total market cap (now 0.62 Trillion) is going to exceed the one from the dotcom bubble (3 Trillion)
The rhythm of growth, ease to invest, and hype around crypto are the reasons why I think, the total crypto market cap is going to grow much faster and higher than the dot-com projects. It will also correct much faster as well.
My strategy as an investor investing in crypto remains short-term (<1-2 years ) whereas investing in startups outside cryptos is usually a 5-8 years strategy. Most of the crypto projects being way overvalued, the main thing to keep in mind is that getting burst from a crypto bubble is very likely to happen, but also that Google, Facebook, Amazon, Ebay, Yahoo, etc.. came right after the dot-com crash.
