It’s not the end of crypto, nor the end of the world.

The economic collapse of banks and the housing market which helped spawned Bitcoin was huge.
It caused thousands of home mortgage foreclosures and scarred the collective consciousness of millions of Americans, and perhaps many more millions in countries outside America.

Crypyocurrency has huge potential, but right now is a very small and insignificant player on the world economic stage.
‘There are just to few people involved, compared to the huge multi-billion world population.
I once read that less then 0.01% of the worlds population was involved in decentralized finance.
It shocked me at first, because I interact with so many people who know about cryptocurrency. But that just means I swim in a very small pond.
Cross blockchain trading and cross blockchain Projects, are an attempt to get us swimming in bigger ponds, but even those bigger ponds are small compared to the big Ponds in social media like Facebook, a 4 billion person pond.
Even the biggest ponds or communities in crypto like the Ethereum Community Pond are small compared to community ponds outside crypto.
There are singular applications like Facebook, Instagram, YouTube, or TikTok which dwarf the entire cryptocurrency community world-wide.

Please don’t take this as me saying or meaning we or crypto are insignificant, take it to mean that we are early.
Remember that when the internet first started, many people said email was cute, but a fad, and websites were silly because no one would ever visit them. Yeah.. that snide comment did not age well.
But truth be told, or said another way: In fact, no one actually envisioned the true potential of the internet, as it does things now that no one predicted.
And the degree of mass adoption of the internet is much greater then anyone ever imagined.

If you look at the historic timeline of horses, stage coaches, coal power, steam power, electricity, trains, planes, phones, and the internet. The time it takes for mass adoption of new technologies to occur gets smaller and smaller with each innovation.
So that suggests to me, that although we are far from achieving the mass adoption of the blockchain, the mass adoption of the blockchain will come, and it will come faster then the mass adoption of the internet.

I think the historical record shows that although humans resist changing their minds and their culture, they readily embrace new tools. A trait which is perhaps part of our innate collective desire, to be part of the next new thing.
And I believe cryptocurrency is Thee Next New Thing

Despite the huge FTX Exchange Failure, the sun will come up tomorrow, and crypto will go on.