Why are people still falsely using the crypto market cap comparison to dot-com bubble market cap as an argument?

Why are people still using the argument of the dot-com bubble being much higher in market cap (trillions) while cryptos are only in hundreds of billions as a reason why cryptos are not in a Bubble?

Please look at this: http://ift.tt/2yzuMpn

"At the beginning of 2015, Bitcoin was trading just above $300. In early November this year, the Bitcoin price topped $7,600. That translates to returns north of 2,200% in a matter of 1,041 trading days.

By comparison, the NASDAQ index was up 391% after 1,041 trading days from the start of 1995. Returns on the NASDAQ index peaked just shy of 1,100% after 1,326 trading days.

Bitcoin’s run has far outpaced the tech bubble, and its returns have already dwarfed dot-com mania."

So it seems, it really is a very, very bad bubble that outcompetes with what we had during the dot-com boom.

Any counterarguments?

submitted by /u/Yanlii
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