What do you all think about the theory that cryptos are in it’s infancy and hardly anyone is in the market and as soon as the “masses” wake up and “get it” everything will moon? Coinbase is really the only exchange where non-technical people can easily get in and participate and I think that what we saw in December was just a small glimpse of where we are heading. The bitcoin market is so small (only 21 million can ever be minted) and with Litecoin only 84 million. I just don’t personally see any downside with throwing money at these coins (on Coinbase) because the flood gates haven’t even opened yet.
ETH may be the exception since it technically is not a currency.
When the gates open and the millions upon millions want crypto what else are they going to buy when Coinbase is the giant on-ramp to the cryptos?
There are billions of people looking to escape the current “central banking” system. Many are trapped in 1-2% gains on their 401K’s. We basically have to pay our banks to store our money because there is no interest in a savings account. How long do you think it will be before there is a giant “screw this!” moment and everyone hops on board the crypto starship?