Ah, those were the years. In 2012, the young Jered Kenna ruled the roost as landlord of 20Mission, where tenants in the “anarchic commune,” paid rent in Bitcoin and gathered in the second-floor common room for animated discussions about crypto’s potential to change the world.
The first five years, Kenna said in a recent interview with Mission Local, were “some of the best years of my life.”
But for Kenna and many other early adopters, those years are gone.
“I haven’t had any crypto in a long time, I lost most of it to identity theft,” Kenna said. He’s no longer buying any cryptocurrency. “I’m really inactive. I’ve always been interested in the actual use and not speculation,” he said.
For Kenna, the collapse of Bitcoin in June accompanied by a number of other heavy blows to the industry, was “long overdue … I think that a lot of crypto investment was pretty insane.”
“There are things that have actual utility and they’re useful, and then there’s a lot of crap. People invest in all...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
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...