That was very enjoyable and informative . A sincere thank you for sharing this .

The question is, if its a bubble or inflation. Because fiat money lost the trust, and the control of its printing.

We have been waiting for the bubble to burst for 10 years.. I think it’s just MOOR of Japan style now. Gravity doesn’t seem to exist with constant printing.. just slow death by food inflation :(

bitcoin can be in bubble. It is us who has to handle our profit or loss. Dont put all the eggs in one basket.

As an uneducated guess I think it will be Facebook. Its too trendy now, but lacks consistency and is bloated with adds. It will happen just like MySpace

In my opinion these is not a bubble yet to explode... but no one knows. As long as people keep on adopting it there is no bubble to be called like fiat money.

Some they, bitcoin is bubble 😃 
Maybe one day Bommm
and very lass currency

thank you for shared

Still think we're barely even reached bubble stage, if this was the dot-com bubble, we'd be in 1996/1997 (as an analyst predicted recently), so I think it'll be a few years before it pops. There's still the need for some real institutional/hedge investment to pump up the prices from Goldman Sachs & co, more widespread adoption of crypto. Only when we delude ourselves into thinking we don't need fiat, because 5-20% of the population use crypto, when the price of Bitcoin is 50,000/100,000+, then it'll be a the bubble will pop.

I'm missing the fiat bubble or debt bubble, it's real and I think it certainly will burst at some point. Currencies based on property instead of debt are so much better, from both a technical and ideological viewpoint.

Much of this feels whimsical in the way the ebbs and flows happen to the valuations and price levels. People have a blind trust to the system and don't seem to be protecting themselves in the larger scope. Just because the system has been plodding along in this fashion for years doesn't mean it can't suddenly stop. It really only takes a single domino to fall to take out the ENTIRE design, as we have seen in other "popping events".

The biggest one is the debt bubble. Treasuries and Co.

Regarding the infographic: comparing the number of cryptocurrencies to the number of UN recognized Fiat currencies doesn't give it much credibility. There are no UN recognized cryptocurrencies, they're not really comparable entities anyway.

I think the bubble term is thrown around a lot just because its a trigger word. Your last chart shows some really important numbers. All of the crypto universe isnt even worth a quarter of Apples stock. there will definitely be some peaks and valleys but I think it is way too early for a bubble (then again, what do I know). Once crypto hits the one trillion mark then we can start talking haha

The bubble term keeps pop up and yet no "KABOOM", that's why top dollar is paid to those tiny few that keeps scaring the shit out of us and still make more money in/after the bubble.

Great post! I always have a hard time explaining to people that the crypto bubble is still relatively small.

I genuinely think Bitcoin is a bubble, but it won't cause a complete collapse. The price will be stabilized on a reasonable price.

But I may be wrong, all I care are coins backed by value, like Steem, LBC and Gridcoin. And Ether, to an extent.

Thanks for sharing 
Upvoted for great content

Regarding Bitcoin :
If bubble is defined quantitatively as an exponential increase in price over a short period of time. 
Than yes, it is a bubble.
From a qualitative perspective I do not think it is though.

Facebook!
Thanks for sharing.

Good perspective. Thanks for sharing it.

The situation we're in now is beyond insanity.  A correction is much needed across the board.  It would be very painful, but is much needed. The runaway money printing by central bankers has created an environment of utter chaos.  How long can it go on?  Who knows.  When you can simply print your way out of every problem it could last for some time.   I wonder if we'll see helicopter money in it's true form, ala a living wage to keep the wheel turning.

Certainly the Value of all companies would be the one affected most :)

Nice man, I have been reading Mauldin's letters for years.  Met him in person way back in 2002.   Jared's stuff is good as its short and to the point.

nice job putting things in perspective.

If one asset class was in a bubble, I'd totally agree. However, its not one asset class, its everything.  And thats due to the fact that we have an enormous global debt problem and extremely low interest rates.   There is no incentive in government to fix it so the only way this gets resolved is through creation of money which pushes prices higher, which promotes people to take money out of savings and invest in these assets.   People will not sell assets until they get rewarded for saving.  

Even if we started a deflationary cycle, it wouldn't take long for the Fed to come in and prop it up.  I honestly believe its more likely that we get faster inflation before we get any kind of deflationary sell off.   And thats the thing about bubbles. They can get huge before they pop.    Would need a paradigm shift or black swan before this changes.

Remember your own charts here: "Be careful what you call a top"
Prices are controlled, markets are rigged, and "nothing happens by happens so".

What was the source of your numbers above, especially for gold?  It would be interesting to look at today’s stock market cap.  I would also add the bond market which more obviously in bubble territory

The silver bubble goes first...  I hope it takes JP down with it.

This is a very old topic, I agree with you, if there is bubble in things like bitcoin, the bubble is too small to burst so far.

Thanks for sharing , I think the housing bubble is continually spiralling - well here in the uk the problem has now elavated the rental market which is unsustainable due to the amount of people not affording to first get on the housing market. It's almost like a landlord bubble which governments are trying to cap ,  everyone needs a home and needs to make money to secure that home but the opportunity to break in is becoming  ever harder and further away for first time buyers. 
In contrast the crypto currency - Lot of people are now priced out of the bitcoin due to the escalating costs and risks involved , it's very volatile but at least people can still get a piece of the pie being a fraction of a bit coin, but the rich - celebrities alike are getting a piece of the action which only helps inflate the bubble, they can also afford potential crashes depending on how much they initially invested of course.

It's like a multibubbleverse