10 years ago the cryptocurrency market did not exist, Bitcoin had yet to emerge from the mysterious brain of Satoshi Nakamoto, and Ethereum’s founder had just turned 13 years old.
In other words, the crypto market barely existed. Perhaps it was a glint in the eye of Bitcoin’s unknown inventor, but no one else had ever heard of “Blockchain technology”.
The means of creating a decentralized world were completely detached from reality. And yet, the crypto market cap is worth approximately $164.3 bln today.
It is, without a shadow of a doubt, one of the fastest explosions of wealth in human history.
Bitcoin mining produced the first generation of crypto millionaires. Then came the millionaires created through a series of crypto crowd sales, which in turn made Litecoin, Bitcoin, and Ether into legendary investment vehicles.
Now we’re entering a new stage of the crypto market, where commercial use-cases verge on mass adoption, use-case specific coins pop up almost daily, and government regulators complete rules on how cryptocurrencies will be governed.
With that being said, the crypto market cap may exceed $200.0 bln by year’s end.