Crypto is bustling. If you ask the true believer, they will say that this is just the beginning. Asked and they would swear that we were watching the bubbles swollen in real time. One that can emerge every second
I saw the direct excitement at Crypto in Brooklyn last week. Bar was packed with lively. It feels like going back to 2020 and 2021 when the fever. Crypto captures everyone from twenty retailers to grandparents. Going back at that time, it was about Bitcoin, NFT. The flashy NFT, such as the APE Bored Yacht Club and whatever they have received good returns. It is a digital casino that everyone hopes to get rich quickly.
But then a mistake “Winter Crypto Winter” arrived with the exciting disaster of the FTX Exchange Crypto and Boy Sam Bankman-Fried billion. Round circle supervision agencies
now? Energy comes back And it is confused
In the Brooklyn host by Wire Network (starting to connect to different Crypto systems or “Blockchains”). Optimism is clear. “There is no better time to be a Crypto developer.” Ken Dicross, the co -founder told me.
On the Crypto's comeback paper, it looks uninterrupted. The total market value of the industry has decreased by more than 3 trillion dollars since the beginning of 2023, such as Robinhood, Coinbase and Microstrategy. Circle Internet Group is riding, one of the largest “Stablecoins” companies in June with an assessment of $ 6 billion. It fired nearly $ 50 billion in just a few weeks.
Wait, what is stability?
Stability is a type of cryptocurrency Designed to be stable, often fixed with US dollars The idea is to give the speed and elasticity of Crypto to people without the theoretical Bitcoin or Ethereum. You can use a stable instead of cash to buy coffee or pay for rent. In fact, we are not there yet.
But betting from Crypto is clear: one day we all use digital dollars instead of paper. That is what is driving a gold car. Currently, the question is: Is the person going ahead of himself?
New Crypto Darlings: Defi and Bitcoin Treasury Company
Most of the current advertising about short defi for financial decentralization. I think it is an attempt to create a streetwall without a bank. Instead of a bank that approves your loan or managing your trading, the code will do. There is no middleman, no goalkeeper, listening to the revolution, but until now, most of them are players, players for speculators and technologists.
After that, the Treasury Company Bitcoin is a normal business that is currently a balance sheet with Bitcoin instead of Euro or gold dollars. Microstrategy Is a billionaire poster to buy Bitcoin and change yourself from a sleepy software company to be a child of the Crypto Risk Fund. The idea is that Bitcoin will overtake the FIAT inflation and currency in the long run.
Bubbles or trees?
No clear answer The numbers are dizzy, Hype is real and there are still many uncertainty about Crypto's great contract. Will it be true? Despite the presidential that is friendly to Crypto in the White House, the road replaces cash or Wall Street is long.
So this is a bubble? Maybe. May not depend on who you ask.