Polkadot blockchain leading Web3, its social reach exceeds 43 million
Polkadot (DOT) is a scalable blockchain that provides interoperability between different networks as well as a secure protocol for connecting different chains. In other words, it is a Web3 project aimed at developing IT infrastructure for a decentralized web, at the center of which, along with other projects, will be Polkadot.
Bill Noble, an experienced Wall Street tech analyst, spoke of an inevitable “crypto spring.” Meaning that a crypto market revival is very near, with Web3 as the next Internet, led by Polkadot and Ethereum.
Bill Noble believes that the current crypto winter has one long-term advantage: cleaning up the market and liquidating less viable projects. In fact, the analyst thinks previous market growth was driven by massive liquidity injections by central banks.
He then argues that when central banks stopped printing money, that is when the ‘2008 crash’ of cryptocurrencies occurred. Speculative assets, which should never have gone up in the first place, rightly went back to zero.
Noble believes that we can already see the first hints of crypto spring, that is, a recovery of growth after the crash, in a manner not very different from what happened in conventional financial markets after 2008 or 1987.
He also points out that several experts, including Warren Buffett himself, devalued the Internet and Amazon after the 2002 crash. However, Buffett told CNBC in 2019 that he was “an idiot for not buying” Amazon stock in the past.
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