Analysis of ten years of cryptocurrency discussions and funding data shows repeated cycles of rising crypto activity followed by eventual “crypto winters”
People who've been in crypto for a long time view the space as evolving in cycles, alternating between periods of high activity and “crypto winters.” Tweets: @a16z , @counternotions , @mdudas , @sassal0x , @katie_haun , @kimbatronic , and @brian_armstrong Tweets: @a16z : Crypto has had three major cycles: 2011, 2013, and 2017. Even though the cycles may appear chaotic, @cdixon and @eddylazzarin show there has actually been steady growth of new ideas, code, projects, and startups. https://a16z.com/... Kontra / @counternotions : On an infinite timescale, there can't be any bad/infeasible ideas, just choppy waves of consistent growth, Crypto Edition. https://a16z.com/... Mike Dudas / @mdudas : 1) The price of Bitcoin + crypto assets goes up 2) leading to new interest 3) leading to more people contributing new ideas & code 4) leading to projects & startups 5) leading to product launches inspiring more people, culminating in the next cycle https://a16z.com/... @sassal0x : Pretty cool visualization that shows the adoption of crypto through its 3 major cycles. Pumped for cycle 4 🔥 Source: https://a16z.com/... https://twitter.com/... Kathryn Haun / @katie_haun : Great new post by @cdixon & @eddylazzarin on crypto cycles: “Even though [they] look chaotic, over the long term they've generated steady growth of new ideas, code, projects, and startups — the fundamental drivers of software innovation.” https://twitter.com/... Kim / @kimbatronic : What some see as crypto price volatility, we see as cycles of innovation - @eddylazzarin analyzed 10 years of data - even though crypto cycles look chaotic, they end up generating steady growth of new ideas, code, projects, and startups. https://a16z.com/... @cdixon @a16z Brian Armstrong / @brian_armstrong : “A key feature of crypto cycles is that each one plants seeds which later grow and drive the next cycle.” https://a16z.com/...