$1300 Bitcoin & $75 Ethereum! No doubt the total cryptocurrency market cap has been growing at an exponential rate over the past year. 2016 began at just over $7 Billion and by the start of 2017 we are at $18 Billion. Just four months into 2017, the market cap is now over $35 Billion. These are incredibly high numbers and with bitcoin doubling over the past year, people are beginning to ask “did I miss the boat?”
Is it too late to invest in Bitcoin, Ethereum or any other altcoins? Chasing something after it’s gone up 100% in a couple of weeks is generally high risk. However, over the long run, we expect that total market cap will continue to increase and will reach over $100 Billion. Does $100 Billion sound too far-fetched? Let’s compare the total value of other asset classes for perspective.
