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Crypto and Blockchain has their purpose and use. However, too many have been created in the past years that turn out to be scams or absolute rubbish. Now that we are entering a Crypto winter, what's the consensus regarding it after Crypto winter?
Considering for career move actually, not investment.
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I believe for something to be "around in the future", it needs to have certain utility that is too good to pass up. No doubt currency has changed forms from ingots, to silver, gold, fiats, online currency (digital money) and future shifts are expected. But is a decentralized shift in cryptocurrency a necessary shift?
What about blockchains? Do you see the value in peer2peer data sharing and widespread adoption? Is the process faster, more transparent, easier to use, than original server-client processes? I feel like the importance of crypto will begin to show itself after these "winter". The truly important things where people cannot live without will show, the unnecesary things will wither away. If anything, I would make my assessment based on how certain my career is in relation to utility value of the product you are managing.
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It is too early to tell, but blockchain technology will be here to stay. The speculation on Crypto/NFTs may not be as high as 2020. Which is always the case on any type of assets, there will be periods of highly speculative bubbles where there will be big winners and big losers.
In my opinion, speculating on Crypto/NFT projects is similar to the dotcom era during the 2000 when anything with dotcom went up. For crypto/NFT, many projects will eventually not come back and people will lose their money and never come back to crypto, but there will be the successful Amazons of the crypto world that will survive.
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There are always ups and downs. Crypto used to be really unpopular due to the BTC crash. I believe it will be back up again.
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Billy
29 Jun 2022
Development & Acquisitions Manager at Real Estate Private Equity
I think your question should be IF there will be an end to this crypto winter.
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As a career, it is fine. Block chain Techology is the fundamental.