Cambridge University Report: Statements About Bitcoin's Impending Death Overblown
A study by Cambridge University noted that media discourse contributed to the crypto bubble that began in April 2017, and is also fuelling speculation that the dismal drop in crypto prices this year is rendering the entire crypto industry defunct, Bitcoinist reported.
The report by Cambridge University stated:
"While it is true that the 2017 bubble was the largest in Bitcoin’s history, the market capitalisation of both Bitcoin and the crypto asset ecosystem still exceeds its January 2017 levels- prior to the start of the bubble. This report has shown that the speculation of the death of the market and ecosystem has been greatly exaggerated."
Given the current anaemic condition of the crypto market, expansion plans by industry players will at most be delayed, the Cambridge University report added.
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