Sure, the price of most crypto's are down today, but does it even matter? The technology, use-cases (utility) and adoption of blockchain is growing exponentially every single day.
Within the last week:
- JP Morgan announcing crypto is a threat to their business model
- The first bank selling cryptocurrencies directly to their customers
- The coinbase index fund announced
- Litepay
- Wyoming passes a bill allowing “open Blockchain tokens” to be exempt from regulation and money sending legislation.
- In Germany, cryptocurrencies are now equal to legal tender.
- And a LOT more
The short-term price action does not influence the technology, the advancement, or the macro-scale adoption and implementation of blockchain technology. Decentralized and distributed systems are the new upcoming foundation of our global economy and ecosystem. We are going to see a massive shift for the better, in privacy, security, equality, transparency, cost-effectiveness, and speed.
We are on the verge of the shift towards a brand new fabric of our digital inter-connectedness. Centralized systems/corporations like Spotify, AirBnB, Amazon Web Services, our Financial Systems, Stock Markets, and even the internet itself will all become decentralized. It's the logical next step.