The Crypto-Economy Is in a Recession

A recession is defined by Investopedia as “a significant decline in economic activity that goes on for more than a few months. It is visible in industrial production, employment, real income and wholesale-retail trade.” By such a definition the cryptocurrency economy is in a full recessionary period. Let’s take a look at what metrics one might use to make such a determination.

The Dominance of Bitcoin

The Hash Rate

The Bitcoin hash rate from Blockchain.info

The USD Price

Bitcoin USD price via Coinmarketcap.com

Volume

Venture Capital Investment

Known Unknowns

Some visibility is provided into this area via the ICO sector. According to ICO launch tracking website CoinSchedule, new token starts have been in sharp decline since October 2018, and are currently at their lowest levels in 18 months.

CoinSchedule statics for ICOs in 2018

The Big Picture

Developer, Father, and Friend .:. CEO of AltMarket, Inc. .:. My views are my own.