In watching the implosion of various cryptocurrencies this past year, it may be difficult to believe just how much buzz there was surrounding the financial instrument just last year. Now, it’s looking questionable as to whether we’ll ever get to widespread acceptance of the crypto market.
That isn’t to say it’s inherently bad. Decentralizing currency has many benefits, and it does offer an immediacy that other currencies lack, at least in transferring an amount when not in person.
What is a problem, and what has always been a problem, is when the market deems something too valuable. It creates that bubble, and as we see time and again – bubbles pop.
Michael's Musings 