Many people confuse a temporary decrease in demand with total letdown. While, in fact, balancing means growing up. Gartner, a well-known research and consulting company, has presented a chart of hype cycles — as you see, the history of cryptocurrencies and other high-profile technologies fits it perfectly.
Here are, for example, predictions of IT market cycles made in 2009. For the most part, they are correct :)
Ring a bell? A few years ago we met an ICO boom, last year everyone praised NFT, and now all the community is going crazy about blockchain-based metauniverses. And despite the fact that thousands of projects are created, billions of dollars are invested into the industry, and cryptocurrencies are recognized even by regulators, another cycle still causes mass panic.
So let’s keep patience and remember that a temporary decline can mean a restructuring and just a natural development — that’s all.
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