could potentially make a small fortune on it, as have some of the world’s nerdiest nerds. There are economists who predict it’s going to be worth $1 million one day, while others say that it will be worthless any day now. If you’d purchased
of it in May 2010, that investment would be worth almost $5 million today. (When I did that math I uttered the same expletive you likely just did.)If you’re wondering what on earth is going on with the world’s first cryptocurrency (or any of them for that matter), you’re not alone.
. But while a lot can happen during any decade—10 years ago today, the iPad hadn’t yet been invented andwas still a washed-up reality-TV star instead of being a washed-up, twice-impeached president—the rise of crypto over the past 10 years has been one of the standout investment opportunities in human history, and yet, one of the most confusing and, perhaps, without merit since we started trading in Mesopotamian shekels.
Part of the problem with the crypto segment of tech and finance is that most forms of cryptocurrencies only make sense to a small handful of people, and are barely comprehensible to most of us. Just look at the description for any of the new up-and-coming “coins” that have beenreleased: “We are your go-to yield farm running on Binance Smart Chain and Pancakeswap exchange.” (Yes, exactly.
But while the potential return on investment can be staggering, so can the real losses. In December 2017, Bitcoin was riding high at close to $20,000 each, and then fell dramatically, and didn’t fully recover until December of last year. Now, crypto is going in the opposite direction, with the collective market capitalization of all cryptocurrencies being traded in the world today being. But there’s also real fear of a crypto bubble that could go pop at any moment.
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