It's easy to panic and say that crypto is dead, what with the recent market drop in value of BTC and other crypto. This, along with all the news about this government going after this ICO / token / exchange / miner, etc. The industry is in a big transition - what can you expect from such a disruptive technology that is the blockchain / distributed ledger / tokenization of assets.
Here are some things to bear in mind:
- The current market cap of $278m is the same level that we were just last November 27, 2017, or just less than 4 months ago.
- 12 months ago, the market cap for crypto was just about 1/10th or $27m of where we are now!
- Big institutional investors are now in crypto - and that wave has just begun
- Big technology companies all now have blockchain projects
So its still long-term growth for crypto. It just makes 100% sense from a technology growth point of view that physical assets, whether they be cash, property, shares in a company, or other - should be digitized. It's the last remaining missing piece of the technical infrastructure needed for the world to be fully digitized.
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