I think we're in for a bigger rollercoaster ride than you allude to in this post. In 2013 and 2017 the real-world use cases of crypto were extremely limited, and the adoption was minuscule.
Today, we see stocks being tokenized, people migrating to monetized social media, NFT games growing exponentially in userbase, and banks embracing crypto not as trial, but as daily production practice.
I personally expect two things to mainly happen this year:
- HUGE price boosts and bubbles (up to us which boosts will last, and which ones are hollow I suppose).
- HUGE lawsuits: LBRY and Ripple are just the beginning...I'm sure it will get SO much worse!
Who we choose to trust will matter a lot.
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So you think BTC and alts will go much higher?
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Hi Dalz.
Yes, I expect them both to go up extremely, to the point that governments and all sorts of other organisations are starting to chime in as well. Now what those interventions will result in I really don't know, but I expect extreme price changes with extreme volatility.
There certainly risk is involved: if too many people go bankrupt due to the volatility, then we might see some painfully strict rules emerge. But there is also an enormous upside, as crypto adoption is for real now. And if crypto markets could reach the capitalisation of a housing market in terms of value, then the way up is still very long indeed.
Note: I am not an financial expert, but this is just what I personally think :).
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