WARNING: The Cryptocurrency Market 2021 in MASSIVE Bubble and Bitcoin Going to Zero?! | THE TRUTH

Hi everyone, it’s Sam from Everyday Investing and today I want to talk about the cryptocurrency market in 2021 and whether we’re in a bubble or not.

The cryptocurrency market is undoubtedly booming in 2021. Bitcoin has quadrupled in value from just $7,500 at the start of the year to nearly $30,000 at the time of this recording. Ethereum has gone up even more, increasing sixfold in value since the beginning of the year.

But with these incredible gains come questions about whether we’re in a bubble or not. After all, the last time the cryptocurrency market was this hot was back in late 2017 when Bitcoin reached almost $20,000. And we all know what happened shortly after that.

So is this time different? Is Bitcoin and the cryptocurrency market going to crash and end up going to zero this time?

I don’t think so. While there is definitely a lot of speculation and speculation-driven prices in the market, there are also a lot of serious long-term investors in the market. These are people who are holding and buying crypto for the long-term and are not looking to make a quick buck and then move on.

In addition, the technology behind crypto is getting better every day. There are a growing number of real-world applications for crypto that are only going to increase in the future.

So while I do think there is some speculation and some frothiness in the market, I don’t think this is a bubble that is going to burst and send Bitcoin to zero.

Thanks for watching. I’m Sam from Everyday Investing and I’ll see you again soon.

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