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This year has been tough for all types of cryptocurrency companies that had high hopes in 2017. As you can imagine, the idea of cryptocurrency had a much more different feeling a year ago today, when Bitcoin was in half of a huge cryptocurrency bull who took over $ 19,000.
Although in recent days has seen a nice event for digital heritage, there is still much hesitation, since Bitcoin and Ethereum have lost the vast majority of its value, and cryptocurrency markets have lost hundreds of billions of dollars in market capitalization. A new report has detailed which companies related to the blockchain and the cryptocurrency have been hit in the United Kingdom.
About The Report
A Sky News article recently developed how the data showed that over 300 companies have closed in the sector this year. Of course, not all companies survive for various reasons, but markets are obviously a huge factor. For some contexts, in 2017 only 139 companies closed the sector and this year, at least 340 companies connected to the cryptocurrency were closed.
Data were collected from OpenCorporates is House companies. A blockchain businessman and one of the first to adopt Bitcoin under the name Hugh Halford-Thompson talked about how the influx of inexperienced investors concerned him.
he he has declared: "There were a lot of people coming in and I think for the first time I felt that there were a lot of people who really did not even understand what they were going to.
"So every Uber driver I had or had invested in or was thinking about, I had people who sincerely asked me in which coin to put their children's college funds in. This is not good, I did not follow them, but I hope they do not they did. "
General downturn
The data are not so surprising, given that the United Kingdom is not the only country in the world with a cryptocurrency company or a startup blockchain. A recent story that has won the titles within the community of cryptocurrencies is the fact that Consensys, the startup blockchain in Brooklyn, is dismiss a large percentage of its workers. The company was founded by the cryptostate enthusiast Joe Lubin, a co-founder of Ethereum. Lubin he recently took on Twitter to alleviate the fears about his company, including:
The sky is not falling. From my perspective the future looks very bright. I'm thrilled with the scalability solutions available now …
– Joseph Lubin (@ethereumJoseph) 21 December 2018
Interestingly, regardless of the bearish sentiment of 2018, there are more jobs associated with blockchain and cryptocurrency than ever before. In particular, Linkedin he has declared that "blockchain developer" was the fastest growing job in the United States.
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