Last year’s crypto market boom made a lot of people wealthy. This year’s market performance leaves much to be desired, as most coins have been suffering serious losses. However, some experts perceive the situation as just a temporary inconvenience. Senior Analyst Jesse Cohen at Invest.com cautioned against spreading ridiculous statements such as “Bitcoin is dead,” or “the cryptocurrency bubble has popped” and similar panic-driven nonsense.
“We’ve seen Bitcoin do this before, where it plunges sharply over a prolonged period only to violently bounce back to new highs in a short time. While it isn’t looking too hot at the moment, it’s still way too early to call the end of Bitcoin or cryptos in general.”
The analyst is making quite a powerful point, as many blockchain-based decentralized applications are still under development. Those which already have been released are desperately trying to attract enough people to make the projects viable.
Aaron Lasher, BRD CMO said to Forbes:
“The game isn’t over, Digital scarcity is a major innovation in money and value, and we’re in the initial stages of a multi-decade trend towards tokenization of assets.”
According to Lasher, one of the main advantages of cryptocurrency is its immunity to the politics.