Buying Crypto in 2019 or Earlier Was Before Adoption Validation, Buying Today Is at the Beginning of Mainstream Adoption
w3j.substack.com
by Andrew Lee Having been closely following the blockchain space since I graduated college in 2013, it’s been my observation that in today’s market the crypto space is no longer doubted as a useful technology and legitimate asset class. After the bubble burst in 2013, there was widespread consensus that Bitcoin would never be useful ever again: not as a store of value, not for remittances, or as a medium of payment. The sentiment for Bitcoin in San Francisco in 2015 was bleak and hopeless while all the hype was around building mobile app startups. The survivors of the 2013 bubble were a niche group of enthusiasts and some contrarian VCs who saw the long-term potential. Similarly, after the following bubble burst in 2018, there were serious doubts whether the adoption thesis around Bitcoin and blockchain protocol applications would actually prove itself.
Buying Crypto in 2019 or Earlier Was Before Adoption Validation, Buying Today Is at the Beginning of Mainstream Adoption
Buying Crypto in 2019 or Earlier Was Before…
Buying Crypto in 2019 or Earlier Was Before Adoption Validation, Buying Today Is at the Beginning of Mainstream Adoption
by Andrew Lee Having been closely following the blockchain space since I graduated college in 2013, it’s been my observation that in today’s market the crypto space is no longer doubted as a useful technology and legitimate asset class. After the bubble burst in 2013, there was widespread consensus that Bitcoin would never be useful ever again: not as a store of value, not for remittances, or as a medium of payment. The sentiment for Bitcoin in San Francisco in 2015 was bleak and hopeless while all the hype was around building mobile app startups. The survivors of the 2013 bubble were a niche group of enthusiasts and some contrarian VCs who saw the long-term potential. Similarly, after the following bubble burst in 2018, there were serious doubts whether the adoption thesis around Bitcoin and blockchain protocol applications would actually prove itself.