Development History and Project Analysis of the Blockchain Industry
Emerging industries usually follow a pattern: going through multiple cycles of rises and falls until reaching a peak. This process typically includes at least three cycles. Research shows that the rise of things often goes through three stages: undervaluation, value discovery, and bubble. The current development trajectory of the blockchain industry is quite similar to that of the early internet, and it is currently in the bubble stage.
Looking back at history, in the early 1980s, it was hard for people to imagine the extent of today's reliance on computers and the internet. At that time, mainstream media generally considered these technologies to be mere toys. Similarly, in the 1990s, Microsoft was underestimated by many, who believed its stock had reached the limits of growth. However, it turned out that these predictions were all wrong, and Microsoft's stock price has increased a hundredfold since then.
Bitcoin, as the pioneer of the Blockchain industry, has gone through an 11-year journey. From its initial circulation on the dark web, to attracting the attention of hackers, and then facing regulatory challenges, as well as the latter...