The Days of Being a "General" Crypto Investor are Over
The days of being a “general crypto investor are over and this market will never be the same.
That is a bold statement that might initially make you feel that the crypto market is heading in a difficult direction. However, that couldn’t be further from the truth. In fact, it is an incredibly bullish factor.
The cryptocurrency market is still very young, and Bitcoin was created nearly 15 years ago. During that time, we have achieved more and gone to places that many of us would have never imagined would have been possible. Bitcoin becoming considered a value of storage, that is in many cases preferred over the dollar. Even becoming legal tender in El Salvador. Ethereum becoming a household name where innovation is happening. When thinking about where prices may go in the future, the sky is the limit. In the crypto market, we have thrown around the idea that Bitcoin, Ethereum, and other cryptocurrencies will eventually cause the largest transfer of wealth that the world has ever seen. That the people who are investing today will be able to reap the rewards from that transfer of wealth. No one knows what the future will bring, but most of us agree that will be extremely exciting to watch.
Up until now, the crypto market was relatively small. It was entirely possible for one person to be an expert on the market as a whole. Perhaps your favorite project was Bitcoin, Ethereum, Solana, or something else; but it will still be possible to stay on top of everything that was happening, and be an expert in the industry.
Times are changing and this will no longer be possible in the future, and this is a good thing.
Throughout the last handful of years, prices in the crypto market have grown, but the growth in the development of this market has far eclipsed that.
In crypto, there is a famous way of thinking. A month’s worth of development and news in the crypto market is equal to years worth in other financial markets.
This was while the market was still relatively small.
We have rapidly come to a place in the crypto lifecycle, where a single person will no longer be able to be an expert in the entire market. Instead, they will need to begin to choose a specific area to be an expert in.
Many people will choose to focus their attention on Bitcoin, Ethereum, Solana, or the next new project. But the fact remains that it will become a full-time job in itself to keep up with each specific area.
Just think about everything that is currently happening on Ethereum. There is DeFi, staking, smart contracts, NFTs, gaming and more. Those are the only things that are happening on the main layer of ETH. Then there are layer 2s, which is an even deeper rabbit hole to fall down in. A person who is interested in Ethereum tends to spend most of their attention on it and simply doesn’t have enough time to pay attention to the rest of the market.
The same goes for the rest of the market.
I won’t deny that this growth of the cryptocurrency market does make me a little sad. I’ve always thoroughly enjoyed following the entire market. And you will still be able to do that in the future, but you just won’t be able to be a complete expert in any specific area.
At the end of the day, this was inevitable and was always going to happen if we wanted to see the crypto market achieve those lofty price predictions we have all heard about. The market is growing, and maturing, and we haven’t even come close to seeing a glimpse of its full potential. This next cycle is the time when people will have to begin choosing what area of the crypto market they are the most interested in, and where they want to focus the most on.
Just make sure that you decide to focus on the right area so that you don’t miss out on the incredible life-changing potential this market presents.
If you had to choose, which area of crypto would you focus on
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