How did the dotcom bubble affect the development of digital currencies?

1 answers

• May 01, 2022 · 3 years ago
  The dotcom bubble had both positive and negative effects on the development of digital currencies. On one hand, the burst of the bubble brought attention to the risks and uncertainties associated with online ventures, including digital currencies. This led to increased scrutiny and regulation, which ultimately helped weed out fraudulent projects and improve the overall credibility of the digital currency industry. On the other hand, the burst of the dotcom bubble also created a general distrust towards online investments, which made it more challenging for digital currencies to gain traction. However, as the digital currency market matured and demonstrated its potential, it was able to overcome the negative sentiment and establish itself as a legitimate asset class.
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