Why the crypto winter won’t stop the onward march of blockchain technology
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This year has not been good for the nascent cryptocurrency market. The first six months of 2022 saw a decline in the price of every major crypto and a 26% reduction in venture capital investment. Crunchbase data shows that investments in cryptocurrency companies were down to $9.3 billion in the first half of 2022 compared to $12.5 billion in the first half of 2021.
In mid-June, the rug was pulled out from under crypto investors after prices fell significantly, with Bitcoin falling as much as 37.3% to trade below $19,000. By the time the dust settled, the cryptocurrency market had lost a whopping $2 trillion in value . Major cryptos like Bitcoin and…
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