Crypto Industry Now In Post-Dotcom Bubble Territory

With bitcoin leading the charge, 2017 yielded incredible price gains for the crypto markets. Between January and December 2017, bitcoin rose from less than $1,000, all the way up to almost $20,000, based on TradingView.com data. Crypto’s total market cap also saw dramatic rise between January 2017 and January 2018, spiking from approximately $14 billion, to above $750 billion.

Bolstering the hype, initial coin offerings (ICOs) gained popularity as a new method of fundraising. Book Paris escorts

How does bitcoin play into the mix? “The recent halving event gave us a reminder of the original value proposition of bitcoin,” Eisma said referring to when bitcoin’s mining reward cut in half on May 11, 2020, as a scheduled part of its code. The halving essentially decreased the amount of fresh bitcoin entering the market through mining.

We are reminded that bitcoin is a non-government controlled, decentralized, programmable, disinflationary digital asset that could potentially serve as a store of value, medium of exchange, and unit of account for a digital present and future. Escorts in Paris