We’re All Crypto People Now
Meanwhile, the true believers and veterans of the 12 year old digital currency industry insist that the underlying technology is real and transformative and eventually - finally! - ready to turn nothing less than the global financial system and the Internet as we know it on its head. Everyone seems to be getting rich or selling a mark or predicting a revolution. Digital currencies are volatile, risky and prone to bubbles. Countless fortunes have been made and lost. In some cases, many people are already using blockchains - the underlying technology of cryptocurrencies - without realizing or understanding how exactly they work. "Bitcoin mania is not a fad," Wedbush Securities' equity analyst Daniel Ives wrote in a recent release to customers, "it is the dawn of a new era on the front lines of digital currencies." That being said, at least now, cryptocurrency is seen as a good place to park cash. Everyone has read the stories of teenage crypto millionaires - ...