2018 Was the Reality Check. 2019 Starts the Crypto Comeback

As the global markets deflate, that will also bring down the price of bitcoin and keep them low because the deflation will cause investors to move out of perceived risky investments into more stable investments, and bitcoin is currently still considered a very risky investment.

The most exciting and powerful thing we have learned from the success of Bitcoin is that crypto has the unique ability to align all stakeholders around a common mission through shared incentives and direct participation.

Crypto makes users feel invested in the success of a project, and it creates a powerful network effect.

We will see the first proof point of a project, that breakout killer app where users are aligned within the token economy, so that they actually feel like they own a piece of the project.

Then we'll see a couple more breakout successes out of it, because games really bridge the gap beyond just the technical users into a much larger class of early adopter users that span beyond this very insular technical crowd.

We'll start to see stable coins really bridging that gap to mass adoption.

We'll see a class of Venmo style payment applications and other kinds of creative new financial products that leverage stable coins to counteract the perceived volatility problems that Bitcoin and other cryptocurrencies have.

We are seeing an emergence of a hybrid with things like delegated proof-of-stake and Hashgraph which has a known set of validators and is more decentralized than a centralized system, but not as decentralized as a proof-of-work network like Bitcoin.

Until there is a clear winner, it's unlikely that you'll see large organizations move serious money into the space.

Crypto gives us an open platform where anybody, anywhere around the world can write a program that will potentially change the world.