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by bsaul 3094 days ago
the choosen metrics seem very suspicious... "number of cryptocurrencies" doesn't mean anything other than it's easy to create one. bitcoin market cap growing means there's probably a bubble, but 65 billions is too small to trigger a systemic crash by orders of magnitude. putting the two close one to a other is a really cheap trick to make you feel like the monetary system is in danger. Same for tesla, it doesn't make any sense other than to show that stock is overvalued.

To call something a bubble you need to identify a market that's "bubbling", a whole area or sector. otherwise you've only identified a few assets.

housing market is more sensible, but bubble on the housing market have been announced for the last thirty years, and prices kept climbing. everywhere. maybe it's not a symptom of a bubble, but just that there's more and more people, and less and less places they want to live in.