For all cryptocurrencies, at its high, the market cap was only 140 billion away from approaching 1 trillion dollars across all exchanges. The crypto currency market has slipped back this week following the sell off of BitCoin, but when you see 1st world countries like Japan including cryptocurrency as part of its recognized global exchange of currency, and other countries following suit quickly with regulating these currencies, you know there will be adjustment periods, re-rates and eventual global acceptance of this. We have seen normal currencies go through hikes and drops. Crypto is just doing it more spectacularly.
Take the example over the Centuries of how money has transitioned from gold coins to alloy to notes, to cheques, to digital swiping. Cryptocurrency is a natural evolution in future banking.
It IMO, is here to stay, and only get bigger and more sophisticated. Those guys who get in first with properly regulated, government backed and approved exchanges will make a name for themselves.
Let's see what happens with the next ANN explaining the suspension.
