Over the last 12 months, crypto-currencies such as Bitcoin returned to earth with a massive bump after recording highs of around $20,000!
Things are always easy in hindsight and Fast Company’s recent analysis of the situation provides two key factors that caused the bubble to grow and grow and grow:
Interestingly from a business perspective, the key events that led to major investors and organisations losing confidence in this new technology included:
The conclusion from this period is that crypto-currencies are no longer in vogue but the underlying blockchain technology shows much potential for industry uses such as trade finance and tracking asset ownership.
Further reading to improve your knowledge of digital currencies and blockchain technology: