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What Does the End of Cryptomania Mean for Gold and Silver?

Now that the cryptocurrency world is well established on a glide path into the trough of disillusionment, it’s time to reflect on what that means. First of all, it means the hype that “Bitcoin will replace ___________” (fill in the blank with your favorite entity/item that Bitcoin was supposed to bring an end to) has died down. It also means that the hype surrounding the blockchain (again, fill in the blank for what it might replace) is also coming to grips with real world applications and limitations. In the ashes of the trough of disillusionment, hundreds, if not thousands of start-up projects will fail. Scammers will be sent packing. These are necessary and good things which will give birth to an environment that will produce solutions based on reality instead of hype. Fresh innovation will spring from the newly discovered zone of reality. Limitations will be solved, or new iterations of distributed ledger technology and cryptocurrencies will move the sector onto a new plane. The …
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