TechCrunch’s foremost editor Mike Butcher covers the cryptocurrency industry and blockchain technology. According to Butcher, these industries are “effectively going to be a new way to the future.” His coverage of the industries began in 2011 and since, he has been providing fascinating commentaries.
As he’s once stated,
“I think it is sort of a general them e- decentralization. It is really fascinating, you know. We had Google, Apple, Facebook, Amazon, effectively build decentralized networks for the last 25 years of development of the internet and what we are doing now is we are looking for [thee] decentralized players of the future. I mean, the fascinating ideas: for instance, you can create decentralized Uber, which will be an incredible kind of move. As the exciting thing about it is how we will have brand new actors. There is more collaboration between all of these projects than in previous systems, so that is why it is so amazing.”
Mike Butcher Shares Blockchain & Crypto Insights Future
In an interview with Cointelegraph, Butcher answered questions on various subjects concerning the industry. Here are a few of the most important points of the interviews:
A Scenario Like The “Dotcom Bubble”?
The cryptocurrency bubble is more than just speculation, it is something that may actually happen. However, there is a difference – here, there is a great deal of money in the space. This is unlike the internet space, where users had to raise a great deal of real money. Here, the funds are already built into the bubble – which is what makes it “fascinating” and “dangerous.” Further, both sophisticated and non-sophisticated investors are getting involved, which adds to these qualities.
The Same Fate Of The Derivatives Industry?
There are some similarities between the derivatives market and the crypto and blockchain markets. The same fate may also take place as well – as in, the cryptocurrency assets
“will probably eventually be regulated, like other kinds of assets – to some extent – depending on what they are.”
There are also some big players, including Goldman Sachs, which are becoming involved by launching their ow currency trading desks.
Is It Possible To Build Trustworthy Content Platforms?
Traditional financial media features a “separation of powers” currently. The separation is between the journalists who create the content, the advertisers, and the commercial people and the lines of communication are not only limited, but “in fact, they are not allowed to talk to each other.” Talking to one another leads to a conflict of interest. However, fostering trust with the blockchain platforms may lead to better results. Everyone in the industry needs to promote good media that eliminates the bad actors from the space.
Caution Over Investment Options Recommended By Blogs
When it comes to making investment decisions based on recommendations by blogs,
“always do your research. Even the most sophisticated investors today find it difficult to understand what is going on. And many of them are extremely cautious. And, as more problems continue to happen, regulators will come in and there will be some heavy-handed regulation and some of the more innovative aspects of what has happened in the last few years might be stamped on.”
Is The Crypto Industry Different From Others?
“It depends.” Blockchain projects are reminiscent of the internet space with developers coming up with interesting new ideas. On the currency side, it is different from the traditional services. The crypto side is a startup space where there are entrepreneurs and venture capitalists and both are merging.
What Is The Best Way To Benefit From A Crypto Event?
“It is always the same – as at any conference.” Learn how to network, how to introduce yourself, and to talk about the issues that show your knowledge. When someone starts pitching you, it is discouraging. It is much more interesting to have conversation first and to show others how clever you are.
Based on the above, Mike Butcher certainly had some helpful and stellar words.