The forthcoming EP120 of Economics Explored includes a discussion of the massive price growth seen in some cryptocurrencies over 2021. In the conversation, to be published at 12am UTC+10 on 1 January 2022, show host Gene Tunny refers to a couple of great charts from data service provider Macrobond showing just how incredibly crazy that growth has been.
The first chart shows the percentage growth in the value of different types of assets, including Bitcoin, gold, and stocks on the Nasdaq, relative to their levels at the start of the years they arguably each became the subject of a “bubble”. This clearly shows just how much of an outlier Bitcoin is. Note all data in this chart and the next one were current as at 29 December 2021.
The second chart shows the mega growth in the value of a range of cryptocurrencies, including the Gala and Axie Infinity cryptocurrencies associated with their respective online games.
This post is for general information only, and does not constitute financial or investment advice. Please see a qualified professional regarding any investment decisions.
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