Comparing the Dot Com Bubble and Bitcoin. Should We Expect an Eventual Crypto Crash? For a little over a decade now, Bitcoin has been a disruptive game-changer on the global financial stage. As adoption grows and digital currencies gain greater legitimacy, popularity and viability, governments are sitting up and taking notice. As Bitcoin ranges in the $6,, range and regains its market dominance, many altcoins are being pushed to their year-to-date lows which is resulting in an overwhelmingly bearish market sentiment. Due to the negative market sentiment, mainstream media outlets have been quick to liken the crypto crash to the dot-com bubble burst in 1 day ago · Bitcoin and SPACs Give an Early Retro Flavor We may not be living through a repeat of the dot-com bubble yet, but the signs of vintage excess are out there. By.
Bitcoin and dot com bubbleWhat Burst The Dot-Com Bubble, And Will It Happen Again In ? - MarketWatch
It just may take a different catalyst to turn the tech tide this time around. One of the best ways to protect your portfolio from potential fallout from a stock market bubble is by diversifying into different market sectors and asset classes and maintaining a comfortable level of cash in your account to take advantage of any potential buying opportunities that may emerge if the stock market goes south. Coronavirus cases continue to increase throughout the world and worries swell over new virus strains first found in the United Kingdom and South Africa.
Economic Calendar. Retirement Planner. Sign Up Log In. Home Benzinga. We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies. All Rights Reserved. Advertise Submit a Press Release. Home Cryptocurrency news Bitcoin. Reading Time: 3min read. Reloads and free spins available every day, for every player, in mBitcasino Crypto Autumn Bonanza!
Play Now! Tweet Share. Could you be next big winner? Cole Petersen Cole is a cryptocurrency analyst based in Los Angeles. Related Posts. However, most of the thousands of cryptocurrencies that launched during the ICO bubble may continue to lose value until they cease to exist.
Overall this will lead to a healthier cryptocurrency space where there are less scams and fewer investor losses. This can be compared to how a forest fire burns away the congestion of old-growth and undergrowth, paving the way for new and stronger trees to rise out of the ashes. For more information please read our Editorial Policy here. Follow BitcoinNews. Ethereum co-founder Joseph Lubin believes blockchain will have the same kind of impact in the future as the internet had in the late nineties, writes Business Insider.
The co-founder of ConsenSys was speaking at the MoneyConf in Dublin where the blockchain company has opened its new office. He went on to compare current activity fintech space to the dot-com boom of the late 90s , a period of extreme growth and intense activity in the usage and adaptation of the internet. The entrepreneur argued that the growth of the internet was mirrored today by current developments in the space, as cryptocurrencies and their underlying technology were repeating history:.
I think that we will see dynamics like that in place in the blockchain space. Lubin pointed to the West in terms of where some of the most progressive movements in the industry were originating, citing the US and Europe as the major source of innovation. Telegram Alerts from BitcoinNews.