The Death of Crypto Is Premature- It’s Not Going To Happen

I write a lot of articles about stocks, cryptos, SPACs, hedge funds, and market movers. I have never seen an asset class so whipsawed and volatile as cryptocurrencies.But that does not mean that these digital assets are dead. In fact, this correction or break, as you may call it, is a normal process in markets. It can also be very useful, especially to people who take advantage of it and buy into the falling mess.Let’s get something very clear. Cryptos, digital assets, altcoins, whatever you want to call them — are not going to evaporate. The inflection point is passed. Decentralized apps (Dapps), as the crypto crowd likes to call them, or smart contracts and software that are not controlled by any one company, are here to stay. Their related tokens are also going to be around for a long time.There is simply too great a crowd of people in this world that believe in them. Even the Soros hedge fund thinks that now.The situation is almost like the way things were when the Internet came out in the early 2000s. First, it was all about the interconnected world — the world wide web. Then later, it became about what you could go — the apps. Then there were serious businesses on the Internet using those apps.This is where we are now with the blockchain and smart chain world. Everyone knows that blockchain is here to stay — at least if you are not Warren Buffett or Charles Mugger, excuse me, Munger. And now we are moving into the app phase, where serious applications can be put forward using blockchain and related cryptocurrencies.For example, Ethereum (ETH-USD) is the blockchain platform on which most smart contracts and now non-fungible tokens (NFIs) are built. As a result, there are now more blockchain…