Are Bitcoin and Blockchain Hot or Hype?
In today’s financial circles, there is quite a bit of buzz around “blockchain” technology and its myriad of possible future applications. Is blockchain here to stay or is it just hype?
Bitcoin, a crypto-currency built on “blockchain” technology, gained its following among the niche techie crowd that was interested primarily in transacting across borders anonymously. With Bitcoin, the hype cycle began in late 2013, with marketplace technology that made the crypto-currency available to mainstream users. With this, the price of a Bitcoin jumped in a few months from a few dollars to a thousand, fueled by the hype that Bitcoin may become a mainstream world currency. Soon after, when the users realized there were limited ways to spend Bitcoin, with inflated expectations falling short, the price per Bitcoin crashed
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