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Crypto News
Is the Cryptocurrency Bubble Bursting?
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<blockquote data-quote="MuzzMelbourne" data-source="post: 989557" data-attributes="member: 94561"><p>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.</p><p></p><p>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.</p><p></p><p>So, while the current bubble is bursting, it isn't necessarily a bad thing.</p><p></p><p>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.</p></blockquote><p></p>
[QUOTE="MuzzMelbourne, post: 989557, member: 94561"] 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. [/QUOTE]
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