My take on crypto after 18 months here

As I spend more and more time in crypto and that excitement phase wears off, I grow less and less optimistic about projects within the space. I can only really see two possible outcomes when it’s all said and done:

1. bitcoin being used as a more practical and convenient form of gold

2. Existing companies utilising blockchain to facilitate and automate their tasks

The first point is pretty clear imo and I think is also a reliable outcome when you consider the facts i.e. btc was interesting enough to get a massive ball rolling which has led up to this point and the world is heading towards being heavily digitalised so it’s pretty logical I guess to have a computerised version of gold; it’s much better in fact. Topped with the fact the maxi community is as solid as they come it’s hard to see it going anywhere.

But that’s as far as it will go, in terms of taking power from governments and big institutions and whatnot, it’s just absurd to me to think it will ever be the case. But there’s a clear use case there and whether it’ll survive is not a cause for concern imo.

The second point is what’s really to play for here. Decentralised finance is also very interesting and a very valid use case for blockchain too. But it’s just a matter of who can provide the best product. Right now I think we have reached a point where the winner(s) is/are among us. Ethereum… Cardano… Algorand are all sophisticated enough blockchains for example that could reliably provide such a service (no this is not a shill, one of these I don’t even own any of, just examples). Maybe Solana can overcome their outages and prove their worth a bit better as it is a fundamentally good blockchain too, who knows? it’s all very hard to say and it’s still speculative.

But aside from that there is really nothing else there from my perspective.. all these memecoins, NFTs, pointless replications, or a project created by some random guy waking up one morning and deciding he wants to create his own token… it’s all for the birds.

Yes some of these may yield profits in the short-mid term which may be why it’s worth keeping an eye on but on a 5-10 year timescale they will have disappeared into oblivion. The only thing i truly think will survive and prosper is BTC and the projects that can deliver the best possible tool to satisfy point number 2.

Soon enough, the excitement and hype will wear off and the only thing left in the space will be the ones that truly add value to society because this rollercoaster can’t keep going on forever

Just my take ✌️