Loading ...Look at the propagation of cryptocurrencies. It is open-source software. Anyone can make cryptocoins now. Blockchain technology will be adapted and propagate to may different ledger-type uses. But the Bitcoin bubble has burst… hard.
When I got into bitcoin at sub-$10 I saw the possibility of a huge bubble as it was adopted. It was the perfect test of Elliott Wave, and it panned out as predicted, without external manipulation as seen it other markets. I made good on the rise. I got out before the peak, but that’s OK. It went higher than I ever dreamed possible. Breathtaking to watch. But the Elliott waves to the upside have been fulfilled, and now we watch the downside manifest. Bitcoin will die. Blockchain technology will spread to many, many other uses in accounting.