WEKU Crypto: Corporate America's Blockchain and Crypto Fever may be over

28 days ago

Corporate America appears to not be nearly as interested in blockchain and crypto as they once were.

Oh how the times have changed.

During the crypto boom of late 2017 and early 2018, S&P 500 executives were falling all over themselves trying to include "blockchain", "bitcoin", and "cryptocurrency" buzzwords into their earnings and conference calls with analysts and investors.

Fast forward to today, and that trend has fallen off a cliff.

Some stats:

Check out the numbers for how often S&P 500 executives mentioned "blockchain/crypto" in each quarter's earnings calls, starting with Q1 2017 and ending with Q4 2018...

"Blockchain" mentions are on the left and "Bitcoin/Cryptocurrency" are on the right:

(Source: https://www.axios.com/corporate-america-blockchain-bitcoin-fervor-over-fb13bc5c-81fd-4c12-8a7b-07ad107817ca.html)

As you can see the number of times mentioning blockchain exploded in Q1 and Q2 of 2018, however, in Q4 those mentions have fallen off a cliff.

In fact, we are all the way back to Q2/Q3 levels of 2017 in terms of how often blockchain is being mentioned.

Mentioning bitcoin or cryptocurrency is even less popular.

Those numbers are already all the way back to Q2 of 2017 numbers.

Mentioning bitcoin/crypto was never as popular as mentioning blockchain but they have followed a similar trend of usage.

What this means?

To me this means one of two things.

It either means that there really aren't as many use cases or needs for blockchain and crypto as many had initially thought...

Or...

It means that much of the hype from late 2017 and early 2018 has just about fully worn off.

Which would likely mean we are close to a bottom in prices.

Now that the air has mostly been let out of the space, prices should be able to find a solid footing from which to build from going forward.

The next few months may continue to be rocky, but if this tech is really as important to our lives as many people think, we are just building our new base from which to launch from the next time.

Hopefully we are all holding the right batch of coins that is around for the next ride up, steem included.

Stay informed my friends.

Image Source:

https://foreignpolicy.com/2018/08/02/america-needs-a-blockchain-strategy-asap/

Follow me: @jrcornel

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Nice post

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Thank you.

Wow...God Bless

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Thanks.

Good informative post my friend..
Thanks for sharing with us..

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You are welcome. Glad you enjoyed it.

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Will keep using the tag.

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I need to bump up my quality!

Very interesting news @jrcornel

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Thank you, glad you found it interesting.

Not a good trend! 😝

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It may be a contrarian buy signal?

What I've been seeing is that the corporate world is still interested but in private rather than the public blockchain that we all know and embrace... not a good sign for cryptos!

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Exactly. Though there was a lot of interest in the intranet at first when the internet launched and it eventually did ok as well. :)

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I'm just hoping that after this BCH HF is over the whales see it as an opportunity to buy and drive prices up again!

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Yea I am hearing that a couple large funds took their positions off due to the uncertainty surrounding this HF. I imagine that once the dust settles, they put their money back to work.

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I've heard that Roger Ver and Craig Wright are playing chicken- both ready to sacrifice the whole shebang rather than give up their "vision." How much truth there is to that is anybody's guess. Seeing how the prices are so low, this is a tremendous opportunity for anybody that wants to get in.

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Yep, exactly. They couldn't kill crypto, no matter how much they might believe it. Though they may be able to inflict some damage.

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The most they could damage is BCH which benefits neither of them

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They both have lots of resources (including large amounts of bitcoin) plus lots of hashpower being used to mine bitcoin and others. Craig Wright specifically said that if his vision is not accepted he will crash the price of bitcoin and the rest of cryptos with his resources. It is more than just a BCH story.

Thanks for this info, again it is timely and important.
The use of keywords in sentences reminds me of Clif High and his "spiders" crawling the world wide web.

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Haha yes, buzzwords!

It’s not over yet

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Them not talking about it as much may be a good thing. Get some of the hype out of it.

Useful to know, Thank you again for your always, informative posts.

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You are welcome, glad you found it interesting.

Great keep growing

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Thank you.

Exactly I guess that and I impressed to see your post. great post.

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Thank you. Them not being as excited about it is probably a good thing as it means we are close to a bottom as most of the hype has come out.