Although a bubble is possible, I have the feeling that we are nowhere close to it yet.
Why?
Because everyone I talk to seems to be talking about crypto and bitcoin. So you would think bubble, right?
But If you compare that to a stock market bubble where people, like when your gardener, are talking about the hottest stocks, itâs easier for them to throw their money mindlessly into these over heated assets. They can just set up an account at the bank; done!
In the same light the people I talk to about crypto would love to get into the action, but have no clue how to even buy it at the moment. And Iâm not talking about complicated acquisitions like buying MAID, Iâm talking about simply buying BTC at coinbase, which is probably the easiest thing to do.
In this case, because of the technical challenges, I donât think we have even begun to see a bubble yet, beacuse 99% of investors are lost in terms of entering the market.
Just imagine when the baby boomers start pouring their trillions of dollars into crypto. Then we are going to see an incredible boom, and possible and astronomical bubble.
On the other hand, I might be completely wrong. It seems like crypto goes through mini bubbles: BTC crashes $4000 and in the next 24 hours rebounds, and soon goes a little highr each time. The media can hardly keep up with the reporting cycle of bitcoin crash to bitcoin rebounds, etc.
And in this light, although MAID and alts are difficult to figure out for most people to acquire, which probably holds back MAID from acquiring a lot more traction in terms of price, I still think MAID will break a dollar by new years day, 