In this article I am deviating from my normal statistical analysis and standing back to reflect what has been going on in the crypto world in the last few months.
 
It seems daily double digit returns are something we have become accustomed to in the Crypto world. It also seems that these returns are not restricted to a select few – they are happening a lot and across many digital currencies.  
 
The picture below can be seen as a metaphor for both the celebrations of the performance of crypto currencies but also the spread of the enormous gains that has graced this incredible space.

![IMG_1802.JPG](https://steemitimages.com/DQmXKZDvXrbeSExp92roucC49kgLbtMcZbY6nTTJTKNsDv2/IMG_1802.JPG)

 
Interesting story
 
A couple of months ago (23rd of March to be exact) I met a friend at a conference and he had just received a nice bonus and wanted to invest in something risky but with huge potential for gains. He was prepared to lose it all (well for some!).  
 
At the time, I had done a bit of research into Bitcoin and some of the other currencies and I shared my limited knowledge with him. I suggested putting his money into Augur or Bitcoin or a combination of the two. I was and still am really interested in the Augur project so I was leaning towards this choice. I hadn’t heard of Steemit at the time so it unfortunately it wasn’t an option.
 
I did stress to him that there are enormous risks associated with this type of investment and to take some time to consider his decision.
 
He took a leap of faith and put €10,000 in Augur at a price of $9.27. The price last time I checked was $27.25. I haven’t spoken to him since then but hopefully he has kept onto his investment – which would be to the tune €29,395 right now. Yes, that’s right, a €19,395 profit in 2 months. That’s 64,423% per annum if this growth were to continue!
 
The funny thing about this story is that if he have chosen Bitcoin, he wouldn’t be doing too bad either. He would be looking at a €11,074 profit. Also not bad for a 2 month return period. I know these are highly volatile returns but I can’t but be amazed by it all.
 
And my friend definitely owes me a few pints for the advice!
 
So, this might lead many to believe we are just witnessing an enormous bubble that is on the verge of bursting.
 
I DON’T BELIEVE THIS IS THE CASE.
 
I do accept there are some currencies that are likely to be bubbles but I also believe the market cap of the digital currency market right now is just a molecule in the universe it will become in the near future.
 
Why do I believe this is the case?
 
The digital currency world is completely unknown to most and while there will always be sceptics I feel there will be an exponential rise in the level of investment coming  through the doors of the crypto world. To give you a picture of what I’m talking about. We are here right now:

![IMG_1803.JPG](https://steemitimages.com/DQmew1ghrjMRkoeAhbGARLsDHHL4CoBuG2cCKJS88yzcyv8/IMG_1803.JPG)

Soon I believe we will be here:

![IMG_1804.JPG](https://steemitimages.com/DQmU4ZsrLmMsiTxbBZ9UUCjiwQUxGYX6yfbEdfrApEkfg8r/IMG_1804.JPG)

When the flood gates open and the real tidal wave of liquidity comes this way, there will be bubbles for sure, but the Steemits and Augur’s will skyrocket!   
 
Thank you for reading.