The basic technologies of crypto coins are increasingly used outside the procedures of issuing the various currencies to manage diversified processes in the business world or in the digital ecosystem. The speech of Edoardo Narduzzi, CEO mashfrog group
The correction in less than a year was one that hurts wallets. Bitcoin since last November has collapsed from about $70,000 at a high to twenty thousand today, greatly amplifying the bearish correction of the Nasdaq technology index to which many link it. End of the financial experience of crypto coins? This time the markets have sung the definitive de profundis for digital coins for years accused of being a modern re-edition of the dutch seventeenth-century speculation on tulip bulbs? The youngest of all asset classes, a kind of alternative investment, is perhaps much more vital than many or most people believe. Two parallel phenomena are going through the market of digital assets that still capitalize about 940 billion dollars (obviously very far from the over two trillion reached in moments of maximum valorization). The first is industrial consolidation with the expulsion from the market of all "marginal" companies, that is, non-profitable, innovative or simply uncompetitive. Exchanges with few exchanges, companies specialized in stacking, that is, in offering returns on deposited cryptos, miners, coins and tokens of various kinds have been mowed down by what is in effect a real selection of the species. Widespread and diverse failures have always accompanied the most dynamic phases of capitalism. The second phenomenon is linked to the technological consolidation of the sector. The basic technologies of crypto coins are increasingly used outside the procedures of issuing the various currencies to manage diversified processes in the business world or in the digital ecosystem. This diffusion increasingly reduces the barriers between the possibility of adopting a crypto and the knowledge necessary to be able to use it. It is a bit like ecommerce and many technological phenomena that before becoming mass must pass for a not short period of progressive use. Is this the right time to enter as investors in the world of BTC and its digital cousins? It is difficult to say because volatility and uncertainty are the masters in the current phase of the world financial markets. But many champions of the art of profitable investing such as hedge fund co-founder Brevan Howard, Alan Howard, have been accumulating for years, continuing to invest even now, a diversified portfolio of digital assets with a long vision of exit. Over a billion dollars invested in 43 different crypto companies proving that the future of Bitcoin can be much more rewarding than it appears today. Of course, it is a question of taking into account a higher level of risk than that implicit in other asset classes. But, if in the long run it is believed that technology is irreversibly destined to change and improve the way we live, then the one underlying digital assets is to be taken seriously into consideration. Without ever forgetting that in a growing part of the emerging world, such as Nigeria, Turkey or Colombia, Bitcoin and its brothers are already a store of value to defend against inflations and devaluations of national currencies and to be able to transact without problems internationally.