900 billion dollars is the current total crypto market capitalization and most of its parabolic move has started about two months ago. We're not even close to the top of this bull market and we're actually so close to one trillion market capitalization. $ONE TRILLION.
The internet money, rat poisons, internet geeks coins and however some old farts were calling them a few years ago have managed to be valued, in total, at nearly one trillion dollars. That's massive, and as I wrote above, the ecstatic era hasn't even arrived.
You know which is the third world's most valuable asset right now? Alphabet, which is basically Google and it's worth exactly one trillion dollars. Cryptocurrencies as a whole are close to matching that and my take is that BTC, currently sitting on $632 billion market capitalization will be a one trillion dollars asset this year.
Isn't that disruptive? I'd say it is and again... we haven't even started throwing fireworks. Most of the money the crypto market is holding at this point has been brought by BTC. With that much exposure and large whales accumulating it there's no wonder it's valued at $34,000 and it might get another 10x from here by the end of the bull market. Everything's possible in crypto.
It was once possible for all sort of dumb and lucky teenagers who had a bit of exposure to crypto in early 2017 to make a lot of money from such assets. Some have become millionaires, and if these millionaires would have been smart enough would have owned their own small islands by now... but they don't. You know why?
Funny, but an ICE CUBE verse is actually crossing my mind right now and it sounds like this: dumb nigga don't spend it as soon as you get it... What the dumb and lucky money did in 2017 and 2018 when crypto was mooning? Bought Lambos and expensive champagne like BTC was supposed to provide them free money for the rest of their lives.
Most of the people that made money in 2017 were lucky in my opinion, and probably most that made a lot back then, aren't even around here right now. They won't taste the one trillion dollar drop of champagne in the near future. Very few have the investor mentality, and was pleasantly amazed to read @empoderat story today on how he plans to score one million dollar in crypto this year.
I wish this man achieves that as he deserves it. He's still using a three years old smartphone and a small and quite cheap car to get around hence playing low profile while sitting on a gold mine. Sacrificed luxury for investing and that investment will buy him more than some of his friends would even imagine.
The most important thing that I wish crypto will buy me is more free time. I managed to successfully stay away from a regular job for more than three years and my high hopes are that I will be able to do that for the rest of my life. If not possible, back to work, no problem.
There will be a fresh new league of millionaires and billionaires in crypto once we cross the trillion dollars market cap and most won't probably buy Lambos and expensive champagnes as soon as they get it. Some from the old league have probably got rekt during the past bull market and the bear market it followed, but they earned something else.
They've earned confidence and vision for this space and education to make the most out of it. Most of the rich kids of the previous bull market were simply lucky to make all that money as they were simply uneducated in regards of what they were pouring money into and what made them lots of money.
I will for sure won't become millionaire in this bull market, and honestly will be fine with a few tens of thousands of profits, but I know I sure learned how to make money in crypto, I somehow got my degree for the long term and that weighs much more than a Lambo, that could be taken back by the bank or IRS. That's the long haul I'm aiming at. Sticking around and ridding the waves and trends.
Making the most of that valuable time I wrote about in the introduction instead of wasting it on cheap social media and other shit I don't really need. That's my goal for 2021. This trillion dollars party is a given for this bull market, but the invitations aren't for everybody this time, and the guests will be way different than in 2017.
Oh, and I would also like to point out that my bets for this bull market are entirely placed on altcoins and don't regret that for a second. Currently BTC gets most of the attention on the market, and it has probably happened the same four years ago, but the alts time will come. 100%. Just don't sell them cheap and don't get distracted on the way up.
If you don't feel like an early adopter, although the total market capitalization for crypto is close to the Alphabet one, you should because even at this point that's what you are. Welcome to the one trillion dollars party, you're a quite selected guest you know...
Thanks for attention,
Adrian
Initially Posted Using LeoFinance Beta
