The crypto market is slowly but surely maturing, with innovation and tough times creating a leaner and meaner ecosystem. But this also has resulted in a blockchain space that is not growing as fast as some people would like.
In 2017, the last time the bitcoin bulls were in control, it was a different world. Billionaire Mike Novogratz concedes to having gotten swept up in it, saying at the Reuters Global Investment Outlook 2020 Summit that even he got “too greedy.” Since then, however, investors have had to come back down to earth.
In 2017, the last time the Bitcoin Bulls were in full control, it was a different world. Mike Novogratz even admits to being swept up by it, saying his remarks at Reuters Global Investment Outlook 2020 Summit that even he got “too greedy.”
But even if market conditions have changed, the fundamental purpose of Bitcoin hasn’t – Novogratz is counting on it. He runs Crypto merchant bank Galaxy Digital, and says “ambitions have been tempered a little bit by reality.” He also believes that “bitcoin is just getting started.”
Novogratz isn’t the only one who sees bitcoin’s revolutionary impact upon the world. A new report by Adamant Research is entitled “The Bitcoin Reformation.” The report likens the impact of 21st century phenomena including bitcoin, encryption, the internet, and millennials, to that of the 16th and 17th century that revolutionized the entire world and industry. Adamant Research has concluded that Initial Exchange Offerings, the new ICOs, are also here to stay. They also predict that:
Bitcoin will be used as an engine for saving, lending, and underwriting, and Offshore banking may convert to Bitcoin banking.
What do you think? Is Adamant Research and Novogratz right? Let us know on our Facebook page!