We’ve Hit Peak Blockchain Hype, Says New Report

[Ezekial2517]

According to the latest Gartner Hype Cycle report, Blockchain technology is just about at the Peak of Inflated Expectations. Meanwhile, cryptocurrencies such as Bitcoin and related businesses like exchanges are further ahead in the Trough of Disillusionment.

https://news.bitcoin.com/blockchain-hype-peak-new-report/

[BigSirko]

You mean people who bought at $900-$1250, and had been bagholder for years, are finally folding?        


BTW - I can see venture investments in Bitcoin hitting peak expectations, especially with all the news of Bitcoin companies going bankrupt and insolvent.  It was stupid years ago to see investment firms throw money at random blockchain companies - it was stupid then and more stupid now.


Still the alternate scene can only go up from here, but most are too mismanaged to go global.  PayPal spent $70 million on marketing in the 1990s.  Ethereum, which only ICO for $20 million, would never be able to market a global product like Elon Musk did ~ there just isn't the money and the whales would never donate the funds.  The only alternate foundation, which would be ready for global expansion, is NEM which has funds put aside for the eventuality.  Not blockchain but I believe Ripple and Stellar have funds put aside as well but both are very unpopular among crypto users for various reasons.

[Azael]

When people say things like this after 7 years of blockchain technology I think of this quote by Paul Krugman from 1998

"The growth of the Internet will slow drastically, as the flaw in 'Metcalfe's law'–which states that the number of potential connections in a network is proportional to the square of the number of participants–becomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's."