Is Cryptocurrency Dead for Good?
Since it was created, nearly a decade ago, bitcoin—and the cryptocurrency market it spawned—have faced a constant stream of doomsayers declaring the coin dead or headed for obsolescence.
Even so, ten years later, a single bitcoin is worth four figures, and it appears to have found some stability in tandem with its growing maturity. The same can’t be said for the sector which now includes thousands of coins and tokens, each of which exhibits varying degrees of success.
Moreover, for all their promise, cryptocurrencies still can't seem to break into the mainstream. There are still very few merchants that accept crypto payments, and most financial services continue to be settled in fiat currencies. Critics say crypto may have been a flash in the pan. For supporters, though, the signs are clear that even with the current culling of the crypto ranks, the sector will emerge stronger.
The real question is, which group is right?