The CryptoCurrency Market Today
In the last week, the cryptocurrency market has exploded. Since January of this year, the market cap of all cryptocurrencies has gone from less than $20 Billion to over $75 Billion. And the pace is not leting up.
While exciting, there is one word on everyone’s mind: Bubble. This rapid growth is coming seemingly out of nowhere and is reminiscent of the dot com bubble. Here’s a chart of what the NASDAQ looked like before and after the tech crash in the 2000’s:
Source: S&P Capital IQ
This mistrust is a natural reaction to crypocurrency’s hyper-growth. We’ve recently posted an article warning our readers about one of the largest cryptocurrencies and it’s issues. You might be tempted to believe that the entire cryptocurrency market isn
t really worth anything and that the value is going to disappear.
Understand the Real Value of Blockchain
In this video, I want to give context to why blockchain and cryptocurrencies matter in the the long-run. Underneath the hype and the ‘cryptocurrency millionaires’ is a very real, very impactful technology that is just getting introduced to the world.
These hype around cryptocurrencies is eventually going to end. Many people will lose faith in the technology. I challenge you to understand the real value of what’s being offered and to participate in the ecosystem, regardless of the price today.
If you’re interested in learning more, sign-up for our newsletter. I will send you a list of the three books to fast-track your progress in learning blockchain technology. In addition, we will be posting new blogs and videos, diving further into this technology. It’s an exciting area and we need more bright minds to guide the industry.