Did You Write Your Bitcoin Obituary In Time? | WHAT REALLY HAPPENED

Did You Write Your Bitcoin Obituary In Time?

By Jeffrey A. Tucker

The market capitalization of crypto is 300% higher now than it was two years ago this date. Among the biggest changes from two years ago is Bitcoin (BTC) dominance over the sector, down from 85% (January 2017) to circling around 50% today. This change is mostly traceable to the rise of specialized tokens filling various market needs, something very few could have predicted 5 years ago.

If you are surprised to know any of this, you might have been reading too many obituaries from people who treat Bitcoin and all related products as a speculative mania rather than a fundamental innovation in information technology deserving of serious attention. Ironically, it’s these same people who never stop inveighing against speculative manias in crypto – a technology only ten years old!...

Comments

Crypto for now is a gamble.

George

But so is Wall St. Over 80% of IPOs in 2018 were unprofitable companies.

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