Though Bitcoin started 2020 with a bang, it’s worth taking the start of a new decade to reflect on the state of the original cryptocurrency. Doing that, we can really only draw one conclusion: it has failed to live up to the hype.
Don’t get me wrong. Even over the past few months, we’ve seen some very encouraging news for bitcoin. There have been headlines about rapidly growing institutional adoption, as well as speculation on the rise of crypto in China. All this is great. The problem, especially apparent if you’ve been following the news around bitcoin for a few years, is that headlines like this come up EVERY few months, and bitcoin adoption remains low.