Encrypted Services Exec: Bitcoin’s Price History Follows Gartner’s ‘Hype Cycle’
Bitcoin’s price history has followed Gartner Inc.’s “Hype Cycle” model, a branded geographical presentation of a 5-step process by the well-respected computer research firm, noted Zafar Khan, CEO of RPost, a provider of electronic communications, in a recent blog. This gives some legitimacy to the idea that bitcoin and blockchain are maturing and it might be a good time to consider investing in the technologies. The blog also goes into what Khan thinks is really new about blockchain — namely that it is an open source technology — something that is useful in some situations but not others.....
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As the price crashes more than 20% in 24 hours, NLW describes the “wall of worry” around regulation that might characterize this cycle’s FUD.
Bitcoin hype has never been quite the same since 2019, according to this metric. Since its drop below $4,000 in March 2020, Bitcoin (BTC) has ridden a bullish trend all the way past its 2017 all-time high, recently hitting almost $42,000. During that time, however, Bitcoin’s Twitter activity has underperformed in comparison to its price. Looking at information from crypto data outfit The TIE indicates that Bitcoin’s price is traveling above its Hype-To-Activity Ratio — a metric which shows tweet volume against asset trading volume — since 2019. “Hype-To-Activity Ratio measures the number....
Bitcoin’s explosive gains are strongly reflected by the number of days it has closed above $16,320. The Bitcoin (BTC) price, which is currently sitting at $16,320, has only been at this level or higher for 12 days in the coin's entire 4,332-day history, representing just 0.28% of the cryptocurrency’s life.Crypto analytics platform Messari published data stating that the closing price had exceeded $16,320 only on 12 other days, 10 of which occurred between Dec. 7 to Dec. 20, 2017, with the highest close occurring on Dec. 16 at $19,378. Any investor who bought at the all-time high of $20,089....
A reflection on Bitcoin’s four-year market cycle—and how a healthy block space market will eventually kill it for its own good.
Blockchain has hit the peak of its hype cycle according to Gartner. That's the key finding from a new report, issued this week, that asserts the emerging technology is at a stage in its development where users and the public are suffering from "inflated expectations" about its benefits. Internet of Things (IoT) platforms, connected homes and smart robots were other technologies included in this category. But if that sounds negative, Gartner’s report also projects blockchain will come to be "transformational" across a variety of industries, and it forecasts that this....