Coinbase, pointed out that Cryptocurrencies while battling with the bear market from the beginning of the year, have still managed to enter the tech mainstream. 2018 has been a tough year for the Crypto coins in terms of their price points, the tokens have almost lost $600 billion and have observed over 70 percent correction. Despite that, the generic awareness and institutional incline towards cryptocurrencies and the blockchain have been on a steady and significant rise.
Balaji Srinivasan stated his assertions in a Tweet along with some supportive recent facts, reacting to a news that Sundar Pichai’s 11-year-old son is interested in mining.
Great piece. Just to summarize:– Sundar Pichai & Sergey Brin’s sons are both mining crypto
– Facebook is doing blockchain
– Square open sourced some nice cold storage code
– Microsoft, Amazon, Google Cloud all have blockchain effortsCrypto is entering the tech mainstream. https://t.co/ew2k3k7YG7
— Balaji S. Srinivasan (@balajis) November 4, 2018