On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

Despite Falling Numbers, Bitcoin Investors Hopeful Crypto Will Bounce Back in the Future; Continual Changes in Technology Keep the Volatile Industry Moving Forward

  • Bitcoin has seen an overall decrease of 57% since November 2021 (an all-time high) and a YTD decrease of 37%
  • Investor Mark Cuban tweeted that he believes cryptocurrency is in a lull period, much like the early internet, and expects the industry to bounce back – especially for those utilizing smart contracts for business productivity and profitability
  • Political and economically driven, green energy initiatives for mining Bitcoin and other cryptocurrencies are rising – companies like Canaan Inc. have already begun implementing the necessary changes to strive for carbon-free emissions
  • With blockchain fees high, Robinhood has created a new Web 3.0 wallet, which it plans to have available by the end of 2022 to customers, specifically designed to absolve the fees, making it a free wallet to use – one of the first of its kind

Despite reaching an all-time high in November 2021, Bitcoin and other cryptocurrencies have seen major shifts in value almost daily in recent weeks. According to analysts and market experts, there is a long way to go before recovery from the current crash starts.

“While BTC’s price indicates that we’ve still got a long way to go before a rally or an early recovery, data from glassnode showed that addresses with at least 0.01 BTC passed the 10 million mark for the first time. While we already know that institutions made large BTC bets last year, this metric indicates that retail investors are continuing to remain bullish about the digital asset,” said Darshan Bathija, CEO and co-founder of cryptocurrency exchange Vauld (https://ibn.fm/VPsFv).

Other industry investors believe that cryptocurrency is just experiencing a ‘lull’ and will bounce back bigger and better than ever. Bitcoin has seen a decrease of 37% YTD (57% over the highest reported value in 2021), but investor Mark Cuban tweeted, “Crypto is going through the lull that the internet went through. After the initial surge of exciting apps, NFTs, DeFi, P2E, we saw the imitation phase as chains subsidized the movement of those apps to their chains (ala bandwidth and storage subsidies by startups in the 2000s).” Cuban also believes that the investors who choose smart contracts to improve business productivity and profitability will be those that win big (https://ibn.fm/NLaPj).

A smart direction cryptocurrency investors could be heading in is the implementation of clean energy initiatives in the mining sector, with more companies focused on this green approach as a result of political, social and economic pressures to reduce the carbon footprint of crypto mining. Companies such as Canaan Inc. (NASDAQ: CAN), a developer of supercomputing chips and digital blockchain equipment, are answering the call, making it ever clearer that the future of Bitcoin is linked to green energy.

Based in China, Canaan is world-renowned for the invention of the first ever application-specific integrated circuit (“ASIC”)-powered Bitcoin mining machine in 2013, which was one of the catalysts of the mining sector’s subsequent growth. As part of its commitment to lowering energy requirements for mining, the company released the world’s first 7nm ASIC chip in 2018, thus offering energy-efficient computing technology to the industry. Canaan remains dedicated to expanding its suite of advanced technologies to further lower cryptocurrency mining energy needs and propel the industry toward sustained growth.

Another technological advancement that can help drive industry growth and serve as a boon for investors relates to changes in blockchain infrastructure designed to enable faster, more affordable transactions and ultimately attract a higher number of users. 

From Bitcoin’s Lightning Network to Robinhood’s new Web 3.0 wallet with no fees, the blockchain infrastructure is constantly changing. The basic blockchain transaction is slow and costly, which has required new technology overlays to both speed up and make the process more inexpensive, especially as the acceptance of cryptocurrency as payment becomes more common. 

“At Robinhood, we believe that crypto is more than just an asset class. Our web3 wallet will make it easier for everyone to hold their own keys and experience all the opportunities that the open financial system has to offer,” Robinhood CEO and co-founder Vlad Tenev stated, discussing his company’s new endeavor (https://ibn.fm/IKQ5T). The company has not disclosed which blockchains the wallet will be compatible with but plans to have it operational and available to customers by the end of 2022.

Given the projected growth of the crypto mining hardware market, from $1.49 billion in 2020 to an estimated $2.58 billion by 2028 (https://ibn.fm/hkNqI), as well as the impressive growth technologies such as the Lightning Network have seen in recent months (https://ibn.fm/mOzLC), it is safe to conclude that technological innovation remains one of the key drivers of the cryptocurrency market in general, and an essential driving force for the industry’s expected comeback and future expansion.

For additional information on Canaan Inc., visit https://ibn.fm/Vuw0b.

About QualityStocks

QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

Archives

Select A Month
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • September 2009
  • August 2009
  • July 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • February 2009
  • January 2009
  • December 2008
  • November 2008
  • October 2008
  • September 2008
  • August 2008
  • July 2008
  • June 2008
  • May 2008
  • April 2008
  • March 2008
  • February 2008
  • January 2008
  • December 2007
  • November 2007
  • October 2007
  • September 2007
  • August 2007
  • July 2007
  • June 2007
  • May 2007
  • April 2007
  • March 2007
  • February 2007
  • January 2007
  • December 2006
  • November 2006
  • October 2006
  • September 2006
  • August 2006
  • July 2006
  • June 2006
  • May 2006
  • April 2006
  • March 2006
  • January 2006
  • December 2005
  • October 2005
  • September 2005
  • Market Basics

    New to the micro-cap markets?Get answers to your questions about investing in Small-Cap / Micro-Cap Stocks and learn how to protect yourself.

    The Basics

    Newsletter Publishers

    Have an up and coming newsletter and want to be included in our coverage list? Looking to get more coverage and grow subscriptions? Register for coverage.

    Register

    Public Companies

    Are you a Small-Cap / Micro-Cap company looking for coverage? We'd love to hear from you. Fill out our quick contact form or send us a text.

    Get Covered