Crypto’s Lesson To The World — Hypes Come and Go; But Technologies Last.
Crypto’s Lesson To The World — Hypes Come and Go; But Technologies Last.
The media depicted crypto as dead after its major drop — Little did they know.
TLDR;
Crypto made millionaires and then dropped like a sword.
The media showcased that it’s done and over.
Yet, the media does not have a say in the market.
People have a say in the market.
One of my clients knows that their business model is entirely focused & dependent on their crypto coin.
Crypto's Dramatic Journey: From Riches to Rags
Did you see the crypto millionaire over there? Oh, and the neighbor made thousands as well, right? Then it all crashed, and they were all wrong. Correct?
What I just said has nothing to do with the market. It has to do entirely with the media.
Cryptocurrency, in its whirlwind journey, has turned many into millionaires, only to plummet like a falling sword soon after.
The media, on the other hand, ever eager for sensational stories, was quick to declare the crypto world dead following its major drop. But this narrative barely scratches the surface of the crypto phenomenon.
It happened when the internet was invented.
It happened when the phone was invented.
It happened with cryptocurrency.
So, how does it also happen with blockchain?
Media's Verdict vs. Market Reality
While headlines screamed about the end of an era, the truth about cryptocurrency's impact and resilience was far more nuanced.
The media focused on the drama of the rise and fall, missed the bigger picture.
Cryptocurrency initiated a market that would last for a while. Like any new market, it starts with obstacles. Yet, the tech behind it is solid. Hence, the market will keep going up and down, but cryptocurrency is here to stay.
The True Power: The People in the Market
Contrary to the media's portrayal, the fate of cryptocurrency isn't dictated by sensational headlines. It's the people in the market, the believers and innovators, who shape its future.
Their faith and engagement with crypto technologies will keep the essence of this digital currency alive and evolving.
A Client's Business Model: Crypto-Centric
Recently, one of my clients showed me how much they believed in crypto. They would be making thousands but force their operations to be through crypto.
Their business model isn't just tied to crypto; it's entirely dependent on their crypto coin. This commitment surprised me. It showed a firm belief in the underlying technology and its potential to redefine commerce and finance.
Somehow, the people who believe in crypto have quite a strong, long-term devotion to the tech.
Crypto for the long run.
Hypes may come and go, but the technologies that drive them have lasting impacts.
Cryptocurrency is more than a series of market highs; It’s becoming the roots of many startups that aim to grow in the upcoming 5-15 years. It’s very likely that your great-grandkids would rely on the tech behind it for years.