We're in a Bubble, and This Crypto CEO Knows It
When the chapter finally closes on 2017, it might go down as the greatest year on record for a single "asset" class. Cryptocurrencies have been on fire since the wave of the green flag on Jan. 1, and haven't slowed since.
After beginning the year with an aggregate market cap of $17.7 billion, the more than 1,360 virtual currencies were worth a combined $624 billion as of Dec. 19. That's a mind-boggling ascent of more than 3,400%, which compares to traditional equities like the stock market that returns an average of 7% a year, inclusive of dividend reinvestment and adjusted for inflation.
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Source: Fool.com
