The Wall Street Journal (“The Crypto Party Is Over”) notes the similarities between the current price adjustments in the cryptocurrency markets and the late-1990s collapse of many internet companies. To be fair, investors back then were correct in their basic thesis: The internet was indeed the future. But that didn't stop many of them watching their money go down the train as hundreds of internet companies failed.
At the height of that “dotcom bubble”, as I will lazily label it, I was involved in a couple of consulting projects advising investment banks on technology infrastructure. I can remember that one of the teams I worked with at that time had a generic dismissive term for nonsensical dotcom startups that had no sustainable business model and were created simply to fleece retail investors in IPOs while rewarding insiders. They used to call such companies “usedcondoms.com”.
Whether it is now politically-incorrect to use the term or not I am not certain (I am sure that social...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...