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To be exact, this indicates that the cost of a digital asset or a coin is much bigger than their true worth overall.</p>\n<p>Besides, some crypto doubters say that <strong>most cryptocurrencies don&rsquo;t have value at all</strong>. This worry about the supposed crypto bubble was very popular back in 2018, at the same time the market capitalization of cryptocurrencies skyrocketed.</p>\n<p>Skeptics also point out that it is hard to use cryptocurrencies in the real world, claiming that <strong>it is complex to purchase a meal or make payments for services using <a href=https://www.bitdegree.org/"/crypto/buy-ethereum-eth/">Ethereum or Bitcoin</strong>.</p>\n<p>Nonetheless, cryptocurrency applications and use scenarios are expanding by the day. Crypto supporters hope that the system and its tokens will be demonstrated to have <strong>genuine worth.</strong></p>\n<p>For example, Ethereum grants currency as well as the foundation for an entire ecosystem of decentralized financial and estimating services.</p>\n<p>At the time the <strong>market cap </strong>including all cryptocurrencies was approximately <strong>$800 billion,</strong> it was still thought that it was unachievable to prescribe inherent worth to crypto. These reasonings go hand in hand with the belief that the main purpose of cryptocurrency is speculating.</p>\n<p><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-defi/">DeFi advocates use blockchain technology to provide benefits over traditional financial goods such as <strong>loans and insurance.</strong> Many feel that this development speaks to the true potential of decentralized technology.</p>","level":"easy","meta_title":"What is Bubble? 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After graduating from high school Armstrong moved to Texas to study computer science and economics at Rice University. Both of Armstrong's parents were also engineers.</p>\n<p>After graduating and earning his master's degree in computer science, he decided to start a firm that matched instructors with students. Simultaneously, he worked as a software engineer and developer for organizations like <strong>IBM and Airbnb.</strong></p>\n<p>He traveled to Brazil and South America and at the same time, he noticed that <strong>there are many opportunities to develop advanced ways to promote cross-border payments</strong>. That&rsquo;s what lead him to start coding a platform where users would be able to keep and send cryptocurrency as a way of solving this issue.</p>\n<p>Not long after, Coinbase was established. In 2012, to be exact. It was able to collect <strong>$150,000</strong> in venture funds.</p>\n<p>Nowadays, Coinbase is one of the largest <strong>crypto exchanges</strong> in the world, having approximately <strong>56 million</strong> registered users.</p>\n<p>Furthermore, Armstrong was one of the early believers and followers of <a href=https://www.bitdegree.org/"/crypto/buy-bitcoin-btc/">Bitcoin right after seeing the initial <strong><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-whitepaper/">whitepaper.

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