Crypto Opinions & News Is the Cryptocurrency Bubble Bursting?

[upnorth]

Tech Tent - Is the cryptocurrency bubble bursting? - BBC Sounds

Are sharply falling values a bump in the road or the beginning of the end for crypto?

www.bbc.co.uk

After sharp falls in the value of some digital currencies we ask if the crypto bubble bursting, or is this just growing pains?

 

[ItsReallyMe]

We are going into a recession! even stocks are falling , inflation etc.

 

[MuzzMelbourne]

Yes, the bubble is bursting, thankfully. That might get rid of wannabe wombats with YouTube channels jacking-up the price of worthless ponzi schemes like Terra and Luna for a quick buck. A good flushout is just what the currency industry needs.

However, this doesn't devalue the utility of crytocurreny or blockchain. Apart from the benefit to existing banking and business transactions, lets not forget there are around 2 billion people who have zero access to financial services and equally difficult access to a verifiable internationally recognised ID system, both of which blockchain can address.

So, while the current bubble is bursting, it isn't necessarily a bad thing.

Sure, to me, it is still early days, but Bitcoin etc. will ultimately play a small, but pivotal, role in the history of blockchain/Web3 development.

 

[Digmor Crusher]

I wouldn't invest 1 cent in cryptocurrency, it seems like every couple weeks you hear of one being hacked, or currency being stolen etc.