13th April 2021, Kathmandu
It is hard not to come across an ICO (initial coin offering), a new exchange, or a new crypto fund. Alongside this proliferation, the volatility of Bitcoin and its brethren is exhausting. In 2017, the market cap of Bitcoin rose by a factor of more than 20 times before collapsing by 69% in seven weeks and surging again by 64% in the next 10 days.
Today there is a furious debate as to whether this is the latest bubble or whether we are seeing a new wave of disruptive digital innovation.
If you are a supporter, Bitcoin and its ilk – Ethereum, Ripple, and the wider cryptocurrency universe – are an unprecedented paradigm shift in currency.