Although the cryptocurrency market appears to grow in a positive feedback loop, that does not mean that (un)expected events may not impact the trajectory of the ecosystem as a whole.
Although blockchain and cryptocurrencies are fundamentally meant as ‘trustless’ technologies, trust remains key there where humans interact with one another. The cryptocurrency market is not only impacted by the broader economy, but it may also generate profound effects by itself. Indeed, Terra vaka gösterir that any entity — were it a single company, a venture capital firm or a project issuing an algorithmic stablecoin — can potentially set into motion or contribute to a “boom” or “bust” of the cryptocurrency markets.
Geleneksel finans domino etkilerini yansıtan sistemik etkiye sahip bu tür kripto-yerel olayların etkisi ve sonuç olarak Celsius ve Three Arrows Capital düşüşleri, kripto ekonomisinin başarısızlıklara karşı bağışık olmadığını gösteriyor. Gerçekten de, geleneksel finansın başarısız olamayacak kadar büyük kurumları varken, kripto sektörü yok.
Geçmişe bakmak her zaman kolaydır, ancak Terra projesi temelde kusurluydu ve zaman içinde sürdürülemezdi. Bununla birlikte, pek çok proje, risk sermayesi ve ayakta duran şirket maruz kaldığı ve ağır şekilde maruz kaldığı için çöküşü sistemik bir etkiye sahipti. etkiledi. It indicates that investing in cryptocurrencies is all about thinking about risks and potential rewards.
The fall and domino effect across the board indicate the lack of maturity of the very sector itself.
Since innovation and prices are inherently connected and the early-stage development of the crypto-economy offers lots of untapped potential, the said economy may continue to see events that temporarily undermine growth.
Yet, many working in the sector have a “trustless” conviction that strong projects will keep up during temporary corrections and that the cryptocurrency winter will clean up the path for a cycle of unlimited, novel disruptive innovation.
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Source: https://cointelegraph.com/explained/what-is-the-economic-impact-of-cryptocurrencies