In May 2017, I’ve called some experts and asked them “Why are Bitcoin and Ethereum growing so fast?” This was after an intense period of growth for both popular cryptocurrencies, especially Ethereum, which was up 1,400% in three months. The market cap of all cryptocurrencies put together at the time seemed unreal: 80 billion dollars. Then — and throughout 2017 — the experts I spoke to invariably advised caution, saying the prices might have risen too high, too fast.
But the prices kept rising.
Throughout 2017, crypto prices continued to rise. At one point the crypto market cap was over $800 billion, and one Bitcoin was worth nearly twenty thousand dollars. Read more…
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