But The Internet Was Also A Bubble
An MIT Sloan article predicts that blockchain “could become ubiquitous in the exchange of digital and physical goods, information, and online platforms.”
Just become an asset is a bubble doesn’t mean it lacks potential.
The Internet is the perfect example to disprove the idea that just because an asset is a bubble means it has no value.
Crypto naysayers are just as caught up in the hype as someone like John McAffee, who claims that Bitcoin will reach $1,000,000 this year. One side is just incredibly optimistic, while the other side is incredibly pessimistic, but both are clouded by emotions without taking an objective view of the actual developments in the space.
Ultimately, there’s one takeaway, regardless of which side of the table you’re on: Crypto being a bubble is neither an argument against it nor the underlying technology, it’s just a reflection of human behavior, similar to the Internet two decades ago.