Does the crypto winter end and growing season begins?
|Ján Repa|source|5428x
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Does the crypto winter end and growing season begins?

The year 2017 can undoubtedly be seen as a pivotal year for cryptocurrencies. Bitcoin hit the mainstream, surpassing the $ 10,000 mark, and at the end of the year, it even set its ATH (all-time-high) at about $ 20,000. But then came the period of the so-called "cryptocurrency winter," which has lasted from about January 2018. During that time, a large number of projects disappeared, some cryptocurrencies noted extreme losses, and the mood around cryptocurrencies became somewhat gloomy at first glance.

 

However, the opposite is true. Over the last two years, cryptocurrencies have changed extremely, especially from a technological and security point of view. As a result, they can contribute not only to the end of the "crypto winter", but also to the great growth in the future.



Cryptocurrencies, led by Bitcoin, have a chance to become the best investment of the new decade. This is the opinion not only of cryptocurrency enthusiasts but also of various economists, entrepreneurs, or even analysts from Forbes magazine or Bloomberg. Some think that in 10 years Bitcoin will reach $ 100,000, others estimate about $ 250,000, or even up to a million dollars per Bitcoin. Although their estimates vary widely, most agree on what will drive Bitcoin upward - blockchain technology.

 

Blockchain has the potential to make almost every single sector safer and more trustworthy. According to various surveys and estimates, more than $ 300 billion from the food industry is to be controlled on the blockchain within seven years. In addition, the blockchain will save up to $ 100 billion for this one industry sector alone. However, blockchain has the potential to be used (and in some cases already is) in other sectors of the economy such as transport, healthcare, technology, or finance, too. Overall, blockchain will be one of the key technologies in the coming years.

 

However, Bitcoin and cryptocurrencies are also inextricably linked to the blockchain. That is why Bitcoin is also expected to succeed in the event of extensive adoption and implementation of blockchain technology. Although implementing blockchain does not mean accepting or using Bitcoin, the more the blockchain is used, the more people will gradually get to Bitcoin. The implementation of blockchain in various industries will also confirm the already known fact - the main technology behind Bitcoin simply works and that

can only help it further.

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