The dotcom crash of the early 2000’s provides us with a unique benchmark upon which we can measure the future of digital currencies. The macro picture of today has some certain similarities to the early 2000s.
Rising interest rates, a stuttering regulatory framework, and risk-taking early investors who failed to appreciate the chasm between optimism for the potential of the industry and the reality of actual take-up all resulted in the demolition of the bubble. Although, unlike the early 2000s, where the meltdown was more localized, the crypto sphere finds itself caught in a waning global economy.
