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From 2014-2017, there was a rise in the value of Bitcoin and a general boom in cryptocurrency markets. This bull market enabled cryptocurrency, for the most part, to make it to the mainstream. Yet, amidst crazed speculation, many investors knew very little about cryptocurrencies and instead were simply anxious to invest and to be told what to buy. Not surprisingly, this period was followed by a “Crypto Winter,” when prices plummeted. Bitcoin values decreased a staggering 80%, trust in the market was eroded, and the cryptocurrency industry saw many firms downsizing or shutting down.
Continue reading The Crypto Winter: Making Sense of the Current State of Cryptocurrencies at StartUp Mindset.
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