In recent days, there has been a lot of buzz within the crypto community about volatility, the possibility of a hard crash, and what the current state of the market could mean for future investments. When it comes to answering these questions, there are few more qualified than Ian King, an investor and crypto expert for Banyan Hill. He’s spoken at length about the crypto market and its potential for continued growth when the bubble bursts.
The Crypto Market Continues to Grow, Despite Corrections
As the crypto market continues to grow, it experiences numerous so-called corrections. These corrections serve to crash worthless coins and bring the market back in line with reality as speculation continues to send values rocketing out of control. However, despite these corrections reducing the value of many alt-coins and dealing vicious blows to mainstream tokens, they also allow space for new innovations to prosper, and encourage the growth of the market as a whole.
— Ian King (@IanKingGuru) January 9, 2018
While these market corrections can cause a lot of pain for short-term investors or those gambling on altcoins, they provide long-term benefits for the market and can act as a point of entry for new innovations. Corrections encourage crypto asset developers to tailor their assets for real-world usage and to make sure that their assets hold some sort of inherent value to keep them from crashing completely. With Bitcoin now only holding a third of the market share, and over 40 crypto assets valued at more than $1 billion, there’s no question that, as a whole, the market has grown substantially over the past few years. Read this article at Investopedia about Ian King
Is This Growth Sustainable?
Over the past year, we’ve seen Bitcoin grow by over 1,000 percent, Ethereum by more than 12,000 percent, and countless other coins by similarly outrageous amounts. So the question on everyone’s minds is whether or not the market can keep it up. The answer, of course, is more complicated than it may seem. The simple answer is no. Individual cryptocurrencies can’t keep up this growth for too much longer. However, as a whole, the market will likely continue growing. While there’s still a chance to capitalize on the speculative craze currently sweeping crypto, after this bubble bursts, the market will likely stabilize, and such monstrous gains will no longer be the norm. Although, crypto itself will continue to live on for a very long time. So while your chance to capitalize on the bubble may pass, the crypto market won’t be done growing, and more stable crypto investments will become a possibility.