Crypto Market Is Still In The Early Stages, Says Ric Edelman
14 Janeiro 2022 - 2:00PM
NEWSBTC
Famed finance author Ric Edelman has said that crypto is still in
the very early stages, comparing it to the internet right before
the big boom. The crypto market which is a little over a decade old
has grown exponentially in its short time in existence. At its
highest, the market grew to $3 trillion surpassing the valuation of
some of the most valuable companies in the globe. Despite this
growth, the market still has a lot of growing to do and Edelman
believes this is only the beginning. Comparing Crypto To The
Internet It is estimated that there are 130 million users of the
crypto market currently. This number has grown from the previous
years but still remains a tiny fraction of the world’s population
who are yet to come into the market. Edelman, speaking with CNBC,
explained that the crypt market now is similar to what the internet
was 20 or 30 years ago in its growth pattern. Related Reading
| Jack Dorsey Launches Bitcoin Defense Fund To Aid Devs Facing
Litigation This is not the first time that the space would be
compared to the growth of the internet. The growth pattern of
crypto has closely mirrored that of the internet, albeit at a
faster pace, and if history is to be followed, then the next five
years could very much see explosive adoption for cryptocurrencies.
Edelman continues on to say that crypto is an innovative technology
that is allowing businesses to operate faster, which is what is
driving the adoption of the digital assets. Basically, the market
is still in its early innings and is yet to see real growth. “This
is really like the internet back 20 or 30 years ago. We have to
recognize that this only comes along once in a generation,” Edelman
told CNBC. “The innovative technology is allowing businesses to
operate faster, cheaper with greater transparency, greater
security, and this is why businesses are falling over themselves
with development of blockchain technology.” Cryptomarket recovers
above $2 trillion | Source: Crypto Total Market Cap on
TradingView.com Getting Ready For Explosion With the growth of
crypto strongly correlating with that of the internet, Edelman
places the current growth of the market at where the internet was
in the 1990s. Recall that the internet did not really take off
until the late 90s, where it became the ‘thing’ to have. For
crypto, it is nearing this point. “We now have the benefit of
experience. We know how the internet just exploded in growth
through the 1990s. That’s where we’re at today – incredibly early
for the investors who are recognizing the opportunities that aren’t
going to exist 10 or 15 years from now the way they exist today.”
Related Reading | Highlighting Risk: These Crypto Coins Carry
The Most Leverage Additionally, Edelman adds that if blockchain
technology can be implemented by the Transportation Department
which has nothing to do with the movement of money, it shows the
broad and significant value of the technology. The crypto market
has now recovered to the $2 trillion mark after a series of crashes
and dips that rocked the space. As digital assets begin another
recovery trend, this number will continue to rise. Featured image
from Daily Advent, chart from TradingView.com
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