What the dot-com bust can teach us about the crypto crash

Many projects have, by and large, been financially unsuccessful and even detrimental to investors and the space at large. In 2000, the dot-com sector peaked at $2.95 trillion; the current crypto bubble is 56% from high to low. The two spaces share an exuberance to shoehorn developing tech into problems that don’t exist, excessive access to capital, ambitious promises with no hard tech backing them, and finally, a gross misunderstanding of what any of this is even about on the part of the investor. This time around, each of these events spelled doom, and yet somehow, the average investor still requires the death plague for the average crypto developer yet to get on board, writes John Defterios. People should remember that history does always repeat itself Source