156
The AI bubble is 17 times the size of the dot-com frenzy and four times the subprime bubble, analyst says (www.marketwatch.com)
submitted 1 year ago by to c/technology@beehaw.org
14 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] 4 points 1 year ago (1 child)

But assuming crypto is a bubble, I don't think it has burst yet. So we're not really at the point, post bubble bursting, where we can look back and determine if it was a total scam or not.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 1 child comment
    •
  • [–] 6 points 1 year ago

    It has burst in terms of the liquidity of the system, sure the on paper value of the asset hasn’t collapsed, but that’s because the number of people willing to sell has reduced in turn with the number of people willing to buy. Everyone who was going to cash out big time already has, and the people who bought from them are waiting on another order of magnitude increase in value before they cash out, or they intend to hold on to it forever.

  • permalink
  • fedilink
  • source
  • parent