Investing In Cryptocurrency Likened To Investing In The Internet 10 Years Ago
Many of those invested and interested in the cryptocurrency markets were around for the rise and fall of the Dot-com era and birth of the widespread public internet. The Dot-com bubble burst is constantly being used in arguments that cryptocurrency will suffer the same fate, bringing the markets to a crashing close. Are we early to the party, or just in line for disappointment?
Boom And Bust
It is safe to say that anyone who has dabbled in the cryptocurrency and blockchain space for even a small amount of time, has read or been told: “It’s just a bubble, it’ll burst sometime soon.” Cryptocurrency – and more specifically, Bitcoin – is often likened to the Dot-com bubble that lasted from 1995 until 2001. But does this mean that it is inherently a bad thing, or are we just counting down the time until cryptocurrency meets same fate?
As the world marched across the threshold into the Age of Information, nobody could have fathomed the tremendous changes that were to come.
Investors flocked with open checkbooks to anything and everything that was pitched as an online business. Similarly, billions of dollars are being poured into the …
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