Is Crypto Dead??
81: Blockchain Technology use cases + DeFi Fridays
Story: Is Crypto Dead
DeFi Fridays
Thank you to the 1257 subscribers who are currently reading weekly! This week marks the 81st consecutive week of producing the newsletter as we continue to showcase web3 information and opportunities to both brands and individuals.
A little different this week as we step away from the screen, social media, and constant 24/7 day to day of financial news to take a summer getaway.
Is Crypto Dead??
Have the past 2 months been an absolute nightmare? Yes
Could the next 2 months be an absolute nightmare? Yes
Is Crypto Dead?? No and here’s why…
The underlying blockchain technology has absolute use cases which improve your day to day transactions such as speed, efficiency, and cost effectiveness. Don’t believe me or want to understand deeper use-cases…read this tweet thread from Sam Bankman-Fried; a 30 year old billionaire and co-founder of FTX.
Sam breaks down a number of examples showcasing blockchain technology and how it clearly improves on the current technology systems and processes in place.
Are there 2000+ cryptocurrencies with use cases and value? No
Will 99% of the “insert” animal token and pump coins survive? No
Has Bitcoin/crypto ever been killed? No
It’s been 13 years and this is at the core of why we confidently don’t think crypto is dead. It’s been counted out, called dead, and written off countless times. Yet for over a decade like the little engine that could keeps coming back and growing. There is a resiliency to the technology and those creating/building inside of it that is unstoppable. Most will fail but a few will survive, thrive, and be the core pillars underlying our technological future. Still not a believer? Think about the dot com era and how it played out.
DeFi Fridays
We may be taking a break but we know cryptocurrency markets never stop and the news never ends. Thanks to our friends at Brew Money, you can stay up to date by reading this weeks DeFi Fridays newsletter with all the major headlines in partnership with investrly.
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*investrly & DeFi Fridays have partnered in July to bring more to our newsletter subscribers with crossover collaborations!
investrly is written by Founder Michael Rippe. Share your thoughts in the comments. Thank you for reading.