The Real Crypto Black Swan Event is Coming Now
This is it, the top of the everything bubble
The markets are completely overpriced and have been for years; we don’t call it the ‘everything bubble’ for shits and giggles.
Cryptocurrency is the worm at the core of this everything bubble.
While top-performing cryptocurrencies like Bitcoin and Ethereum have value, they’re mostly useless in everyday life.
Who am I kidding? They’re completely useless for most people.
It doesn’t help that crypto is coming off the biggest bull run in human history, indicating that we’re in for a reckoning. A perfect storm:
- BTC went from $5,200 to $63,000 in 12 months (+1200%)
- ETH went from $90 to $5000 in 18 months (+5455%)
- The total Crypto Market Cap went from $100,000,000,000 to $3,000,000,000,000 (+3000%)
The first assets that get sold in an economic downturn are assets of surplus or high risk. Crypto is both.
All it takes is one major Black Swan event (i.e. something completely unexpected) to topple this entire house of cards. Let’s go over what socio-economic problems could do just that.
