Analyst Mega Bullish on Bitcoin, says, ‘Dot-Com Bubble of 1999 hasn’t happened yet’

Published by
Analyst Mega Bullish on Bitcoin, says, ‘Dot-Com Bubble of 1999 hasn’t happened yet’

As the crypto bull market begins to take shape, the predictions of new tops are making the rounds. This recent one by Misir Mahmudov, the editor at Adaptive Capital, makes a mega bullish fundamental call altogether.

Mahmudov neither shared why he thinks that nor gave any targets. Nevertheless, comparing the total market cap and the growing popularity of altcoins, one might think that the real bubble is yet to occur.

Moreover, this is not the first time for this analysis. Previously, in 2018, Richard Muirhead, a general partner at Fabric Ventures, shared similar views with CNBC. He notes in the interview that the total market capitalization of the 2017 bubble was a lot smaller.

“Several trillion” dollar internet stocks popped during the bubble. Whereas, the total market capitalization of Bitcoin and the total crypto cap at the peak was around $470 and $750 billion, respectively.

Amazon Monthly Chart on TradingView (Source)

It marks a time when Amazon was about 5 years away from going public. The stock gained over 5000% in two years during the bubble.

IF and only if, the above is true then early adopters will be tremendously rewarded in the future. However, for that, digital assets and decentralized applications should go mainstream. Or in case of Bitcoin and some cryptocurrencies alone due to the growing interest as a ‘store of value.’

The electricity based generation with decreasing rewards has build a strong community of suppliers and traders. Moreover, as the supply rate falls over time, continued exponential demand can alone form a bubble in Bitcoin. Mahmudov notes in his blog,

Anyone who spends enough time studying Bitcoin will realize that it will have a considerable net positive effect on our society. Its numerous positive externalities markedly outweigh any associated costs.

ETF Approval Could be a cue? 

It was not until 1995, that the internet stocks started going public. Until then venture capitalists and personal investments were the main source of funding.

Now, since Mahmudov’s analogy with the current timeline falls before that period. One might think that ETFs and addition of cryptocurrenices in stock portfolios, pension and mutual funds is the next.

NASDAQ 45 Year Chart (Source)

Currently, investment from a few venture capitalists, high-net worth entities and University endowment funds is driving the mainstream institutional investment.

Furthermore, only 1-3% of population of the world currently own or are working on Bitcoin and other cryptocurrencies. Adding more credibility to the future bubble in case of wider adoption.

Last but not least, there was a considerable amount of distribution among the the internet stocks during the 10 years. Almost all of them were not able to recuperate from the downfall. However, there are some which survived the test of time and adoption to break above bubble highs.

Which cryptocurrencies do you think will lead the next bubble? Please share your views with us. 

Advertisement

Share
Nivesh Rustgi

Nivesh from Engineering Background is a full-time Crypto Analyst at Coingape. He is an atheist who believes in love and cultural diversity. He believes that Cryptocurrency is a necessity to deter corruption. He holds small amounts of cryptocurrencies. Faith and fear are two sides of the same coin. Follow him on X at @nivishoes or mail him at nivesh(at)coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Bitcoin News

Breaking: U.S. PPI Cools To 2.6%, BTC Price Rises

The U.S. PPI data has come in way lower than expectations, providing a bullish outlook…

September 10, 2025
  • Bitcoin News

Traders Brace for Hot US PPI amid Sticky Inflation, Risks BTC, ETH, XRP Liquidations

Crypto traders are bracing for another higher-than-expected August US PPI print, after a hot 0.9%…

September 10, 2025
  • 24/7 Cryptocurrency News

Shiba Inu Releases Update On LEASH V2 Migration, Here Is What To Know

Shiba Inu has provided an update on the migration of its LEASH token. The report…

September 10, 2025
  • 24/7 Cryptocurrency News

GameStop’s Revenue Boosted by $528M Bitcoin Stash, Reports Minimal Q2 Loss

GameStop has reported an increase in revenue thanks to its $528 million Bitcoin holdings. This…

September 10, 2025
  • 24/7 Cryptocurrency News

Metaplanet Stock Shoots 17% After $30M Investment from Bitcoin Treasury Firm

The Metaplanet stock rallied by a strong 17% on Wednesday, September 10, in a healthy…

September 10, 2025
  • Altcoin News

SUI News: Mysten Labs Met US SEC Crypto Task Force Ahead of ETF Decision

SUI News: Sui blockchain developer Mysten Labs and its legal counsel met with the U.S.…

September 10, 2025