Quantum Economics

Quantum Economics is a publication conducting actionable research in the blockchain space.

Denver Museum of Nature & Science mural depicting the Cambrian Explosion

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The ‘Crypto Crash’ Isn’t A Crash, It’s A…

4 min readMay 19, 2021

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I’ve written 250+ crypto related posts since I saw the crypto light on June 29th, 2017. The most widely read of those all those posts is titled “7 Thoughts On Blockchain, Cryptocurrency & Decentralization After Three Months Down The Rabbit Hole”. The 5th thought was It’s A Bubble….So What”. I went on to explain:

I say “so what” because I believe in Amara’s Law: We tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run. This is part of the reason we get bubbles. We get overexcited about a new technology and we drive up prices beyond any reasonable valuation. Bubbles can go on for years. The internet bubble lasted 5+ years.

It still feels like were in the early stages of a Cambrian Explosion in crypto. Just as the Cambrian period enabled the creation of a multitude of new life forms, the emergence of blockchain, cryptocurrency, and decentralization, is opening up a wide range of previously unavailable markets, as well as new ways to compete against entrenched incumbents. Sure, most of the new crypto entities emerging today will die out, but many of the ones that survive will be epic.

Given that view, I think the three charts below give additional perspective to the crypto crash debate.

1. Amazon Price Chart 1997–1999

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Quantum Economics
Quantum Economics

Published in Quantum Economics

Quantum Economics is a publication conducting actionable research in the blockchain space.

Lou Kerner
Lou Kerner

Written by Lou Kerner

Believe Crypto is the biggest thing to happen in the history. Focused on crypto, community, & the intersection of crypto & AI (AI Agents) at CryptoMondays,

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