On this one I am just doing the eyeball test. Whenever I hear a talking head from traditional finance say bitcoin is a bubble I just kind of laugh.
All one has to do is look at the two charts side by side over the last 2 years and it's pretty obvious that S&P has risen very aggressively as well.
I'm not even comparing percentage gains I'm literally just doing the eyeball test of the chart and that confirms enough for me...
The everything bubble maybe...?
Posted Using LeoFinance Beta
Stocks, bonds, and real estate are all in a bubble thanks to QE infinity. And crypto's value, in dollar terms, has certainly be inflated by money printing as well.
However, while almost everyone is invested (in one way other another) in stocks & real estate, many have yet to take the plunge into crypto, and that's why it's still undervalued compared to other assets.
Currently BTC is forming a strong support, that will help BTC to bull more.we should expect more of bullish trend on BTC from next week.
Posted Using LeoFinance Beta