CMCGlossary: Bubble 🫧 When an asset is traded at a price exceeding that asset's intrinsic value. 👉 Details:
of cryptocurrencies soared. At points, the total market cap across all cryptocurrencies was as high as $800 billion back then — despite it being generally considered to be impossible to assign a true, intrinsic value to crypto.Accusations of a crypto bubble are often informed by a belief that the sole purpose of cryptocurrency is speculation.
Skeptics point to the low levels of adoption of currencies such as Bitcoin within the “real” economy — for example, it is still extremely difficult to buy a meal in a restaurant or pay for most services using Bitcoin.However, the applications and use cases of cryptocurrency are growing every day, and crypto enthusiasts maintain that the technology and its associated
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