Crypto is now firmly back above the $2 Trillion valuation mark and it wasn't that long ago that we were flirting with dropping back below the $1 Trillion mark.
Seems like a lot but when you think about it, Gold has a market cap of $11 Trillion and the NYSE alone has a market capitalization of $25 Trillion. That's just one stock exchange and it is valued at more than 12x the valuation of all crypto put together.
The entire global stock market capitalization stands at roughly $95 Trillion.
Whenever someone tells me crypto is overvalued, I simply point out how crazy other valuations are. In the end, it is all relative.
So, if you're fretting that you missed out on the bull run, all I'm saying is that we are all probably still very early in the game. I am expecting we go at least 5-6x and catch up with gold from here in the next couple of years.
Of course, where to park your crypto investments is another important topic for another day. There will be studs and there will be duds. Bitcoin is probably the safest of the lot but ultimately, choose a community that you believe in and get active. The success of Splinterlands, Leo and others sort of vindicates such an approach.
