Making Hay While the Sun Shines

Nothing much from Crypto-Bulls lately… but now… Bitcoin is Up! DOGE is amazing!!! Last chance to get in!! Meanwhile, the “printing press” of Crypto tokens is cranking out new supply while prices are high.

Below is the market cap and year over year change in the supply of Crypto tokens (in Bitcoin terms). You can see the supply is increasing over 35% per year at this point.

Even though most crypto prices are well below their highs still, the overall value of the crypto market isn’t that far from a new high. Why? Supply is increasing so fast even if the price doesn’t change, there is a big increase in the market cap.

Remember – except for Bitcoin – most cryptos are not supply constrained. And remember… that means they aren’t worth the 1s and 0s they are printed on.