ICO 2.0: How Will Big Bitcoin-Buying Institutions React to Inevitable Crypto Market Froth?

A whiff of 2017 is in the air as TikTok investors and pump-and-dump private groups increase.

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A whiff of 2017 is in the air as TikTok investors and pump-and-dump private groups increase.

This episode is sponsored by Nexo.io.

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The years 2017 and 2018 were some of the frothiest, wildest times in crypto market history. Their fallout also dragged the industry down for years, leaving an unmistakable stench of scam for many.

Thus far in this market cycle, much of those excesses have been avoided. Attention and energy has largely been focused on the rise of institutional bitcoin players, or other areas like decentralized finance (DeFi) and non-fungible tokens (NFT) that, while some of the prices might be shocking, at least are full of good faith actors.

On today’s “The Breakdown,” NLW looks at some of the more concerning recent trends that have the stench of 2017 all over them. Can we avoid another cycle where “alt season” games drag down everything else?

Part of the answer to that may lie in how bitcoin’s new institutional buyers react to the froth.

See also: The Bitcoin Haters’ Ball

Image credit: welcomia/iStock/Getty Images Plus

HOST

Nathaniel Whittemore

NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.