Will the Crypto Market be viable in the long term?

Technology, economics and all sort of ideas came together to create a new era of finances, the crypto market. All began with Bitcoin in 2008, an instrument that claimed to become the “money for the internet.”

Nowadays, Bitcoin is, beyond doubt, a huge adoption success. If one compares the first purchase with bitcoins and the price level today, a stage of adoption approximation can be made. Back in 2010, 2 pizzas were sold for 10.000 BTC (bitcoins) and 1 BTC got an all-time high price of USD 67.556 in 2021 (accordingly to CoinMarketCap). In 2022, only Bitcoin has more value in its market capitalization than Walmart — USD 383 B and USD 357 B, respectively.

Today, this new market has a lot of cryptoassets different types with a variety of purposes. Medium of exchange, Smart Contract, Decentralized Finance (DeFi) Services and Games are just some concepts behind these idiosyncratic cryptoassets. The Crypto Market also incentives energy usage efficiency, technology, financial and economic incentives through this market competition.

All of this is not just an eccentricity, but a necessity becoming reality. The Crypto Market gives individuals and organizations more investment possibilities, access to financial instruments, liquidity, transaction speed, transparency, efficiency, productivity and a smaller need for third parties.

So, the answer to the question in the title of this article is “yes.” A huge “yes.” To stop the Crypto Market, we have to stop the internet itself and the human desire to have always more comfort and convenience.

In England, when candle manufacturers were losing ground to lamps, they tried to break and stop at any cost the progress, but it was inevitable. It is the same thing with the Crypto Market.

It is all about technological progress, efficiency and trust. Some cryptoassets will increase the comfort and convenience of humanity and others will not. So, don’t forget this: it is necessary to carefully learn about the cryptoassets that you invest. Not all of them will be successful.