December 29, 2022
Hello Bubble Riders! The AOTB team thought it would be appropriate to cover a year in review as a close to 2022.
This Past Year…
We’ve seen a lot of disappointments this year such as TerraLuna, Three Arrows Capital, and recently FTX. The total Industry Market Cap is as low as it was two years ago at 775B. We did not experience the bull-runs we were hoping for.
Where We Are Now…
The state of the crypto world is similar to the end of the dotcom bubble: There is an increase of uninformed regulation that doesn’t truly help anyone, or the industry. We want someone who truly understands the crypto space. Although we are in the leftovers of the past year, the chintzy projects that have not added any value did not survive.
Our Hopes Going Forward…
Therefore we hope and can expect to see more valuable and worthwhile projects going forward. We anticipate that there will be a better use of the blockchain technology we have created; such as cryptocurrencies; and accomplish decentralization.
Our team expects that 2023 will have less fraudulent behavior and more worthwhile projects.
Thank you for sticking around with us this year! We will continue to give you our analyses and keep you updated with what you need to know.
If you found this helpful, Subscribe to The Art of the Bubble’s free newsletter.
Join us on Discord for live chat and daily updates. Find us on Twitter too
