One of the reasons why the U.S. is so successful is because of diverse markets. Shervin Pishevar discusses fundamental principles of the free enterprise system which encourages diversity. New problems become easier to solve with the input of varied interests. The growing diversity in the cryptocurrency market indicates a more mature market. This is one of the reasons that Shervin Pishevar predicts a steady recovery for Bitcoin, the coin with the largest share of the new market.
Almost synonymous with diversity is liquidity. Fewer players in a market make it harder to move trades instantly and at any time. This was one of the greatest obstacles that the Bitcoin led cryptocurrency market rallies faced in 2014 and again at the end of 2017. However, in just half a year, investors have witnessed that there are other viable projects besides the big players Bitcoin and Ethereum. Litecoin has demonstrated endurance on the back of Bitcoin’s design. Neo and Ripple continue to draw a following. Steem authors become more numerous each day. Bitcoin Cash has proven that it can keep pace with its claim as the real blockchain. New projects, like EOS, prepare to usher in the next generation of cryptocurrencies. Taken together, all of these projects attract new and varied investments.
More investors from various industries helps the cryptocurrency market become more independent of conventional markets. It still responds strongly to major market price moves, but much less so than it used to. Both rallies, in 2014 and at the end of 2017, were in response to fundamental changes in cryptocurrency technology. Beyond these price moves, Bitcoin demonstrates a consistent annual return. This is what Shervin Pishevar was hoping the masses would understand.
The technology is proven sound. The market is a bit more mature. Now with the support of a strong investor base, blockchain technology can be seriously considered as a solution for large scale world problems. When conventional markets fall, the idea of them disappearing is inconceivable because goods and services are needed for daily life. Shervin Pishevar believes existing monopolies threaten this dynamic. Blockchains offer the solution.