Cryptocurrencies right now are where Cisco Systems were in 1999
It is really sad that many don't see this:
Cryptos suffered a massive bubble being massively overvalued at $110B. "Drop in the ocean" delusions kept the market going.
Now, akin to 1999 dot-com boom the bubble has burst and will go to low of $10-$20B. It won't recover. Cryptos will be still used, but people will be more rational about them and won't pump so much due to fear of bubbles.
CiscoSystems are still in operation, but anyone who invested in 1999-2000 is in deep red:
Absolutely the same with cryptos, it won't recover.
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