Yes, “crypto”. As in Bitcoin and Ethereum, the “MeTaVeRsE” and NFTs. You’ll almost certainly be using them one day in some form. Or at least the blockchain technology behind them.
You might be thinking: absolutely no chance. But believe it or not, there was a time when many people weren’t using the internet, and most of those didn’t want to – mostly because they thought it was useless. It was even published in newspapers: “Internet may be just a passing fad as millions give up on it”.
But you already know the internet became popular, that the 1995 – 2000 “dot com bubble” – where loads of tech companies grew in value on the stock market, before then coming down again (although we’re on about the bubble here and not the burst) – is a real part of history.
So why the scepticism over some radical technological change causing a similar boom once again? NFTs and the likes might look like pointless coloured ape drawings right now, but the same jokes would have been made about the web back then: “Haha it’s paper but I can’t walk to work with it and it takes ages to load and it costs a million pounds.” Or whatever.
Let’s break down what this crypto-bubble might look like, (attempt to) open up our minds to how it possibly could come about, and consider why there might even be a reason or two to not completely hate it all.
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