Cryptocurrency and blockchain could very well be one of the most important inventions of our generation. The streamline efficient way of which it processes transactions is second to none. The transparency, smart contract capability, and platform is akin to the invention of the internet. This however isn’t telling the full story. From 2000 to 2003, every company with a dot com on the end of it was picked to ‘go to the moon.’ Prices skyrocketed, companies with no business even being open were flourishing and everyone felt they were ‘picking the next internet winner.’ The technology wasn’t in question, but the companies were. In this case the companies are now called ‘crypto.’ The technology is revolutionary but will crypto currency be the next Amazon or will there be another use for the innovative technology. This is what we do not know and if the 6.4 trillion dollars people lost during 2000-2003 tells us anything it’s that speculative investment decisions tend to hurt more than they help.
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