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by georgeecollins 3083 days ago
It is very faulty logic to say that because .coms got to 7 trillion market cap (and as an aside, isn't that whole exchanges, not just technology stocks?) we should expect crypto currencies to go much higher than 0.7 trillion valuation. The analogy between the two things makes sense in that they were both popular investments, but otherwise are different in many ways.
1 comments

The difference between two bubbles was the float involved in them, and liquidity. Currently a big portion of the market cap is due to "to have 1b dollar market cap, pay 1$ for 1^-10 of the company" phenomenon.