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Since Bitcoin and all of the cryptography markets have experienced a steep drop in late 2017 and early 2018, investor sentiment has become strongly tied to price developments and hence, to that of most neophyte investors who have been burned by the persistent bear. the market stays in the gutter.
Despite this, the hype and excitement surrounding emerging technologies and markets at the Southwest South Conference (SXSW) in Austin, Texas, may indicate that the excitement aroused by Markets are still circulating in the veins of investors. , regardless of the quality of trading of different crypto-currencies.
Winklevoss Twins: interest in crypto is at a turning point
Cameron and Tyler Winklevoss – the founders of the popular Gemini Cryptocurrency Exchange – found themselves at the forefront of all of the notable crypto discussions at the SXSW conference and recently discussed the notable revelations arising from the conference venerated and highly publicized.
One of the many interesting sections of the Medium Ticket written by the twins is entitled "The interest is at a turning point" and explains how the room fills, combined with the level of public engagement. , indicates that investors are still incredibly engaged with the technologies. and the industry as a whole, whether or not the markets offer huge returns.
"Look no further than the packed hall that we have seen since the scene – the energy and excitement around the future of crypto were palpable – the money has a future. Perhaps most importantly, the level of engagement and thoughtful questions asked by the audience on topics such as stable currencies, mining, financial turmoil, scalability and others, demonstrate that cryptocurrency is actually no longer a marginal technology, "they explained.
Given that the user base of the technology is growing by leaps and bounds, it seems that the markets are seeing a first glimpse of the true maturity, which is generally found in constantly growing and stable markets, badociated with enthusiastic users.
Will Crypto Winter lead to increased innovation?
There is a widespread belief that bear markets are actually the best market conditions for developing a business, as this forces companies and projects to focus and focus on innovation, rather than simply look for dollars at the expense of innovation.
The twins explained this sentiment in the blog post, explaining that the quality of projects in development has never been so great.
"In 2017, when mania eclipses discipline, everything seems like a good idea. Today, the quality of projects and contractors that pursue them has never been so great. We all have to make thoughtful decisions and compromises, which we believe will lead to better results for our entire sector, "said the Winklevoss brothers with optimism.
As the sector continues to grow and projects – such as Gemini – continue to improve the ecosystem, it is likely that markets will do the same and follow developments in this sector.
Selected image of Shutterstock.
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