Cryptocurrencies Haven?t Hit Peak Bubble Yet
From ICOs to DeFi, NFTs to stablecoins, the list of cryptocurrency and blockchain innovations would have made an investment banker in the dotcom era green with envy.
The post Cryptocurrencies Haven?t Hit Peak Bubble Yet appeared first on LUXUO.
Image: Old Money/Unsplash
Timothy Hwang fiddled with his cappuccino. Sitting in the posh dining hall of the high-end French restaurant Les Amis, in downtown Singapore, he lamented to his private banker how he struggled to understand the so-called ?new economy.?
Hwang, a thin streak of gray hair the only physical trait suggesting he was somewhat older than his youthful frame revealed, was seated with his mother who was in her nineties, alert and the indisputable matriarch of a family business that spanned several generations.
The Hwang family had spent a lifetime dedicated to building the family business, a brick-and-mortar empire that revolved around commodity trading, real estate, and hospitality.
And as Timothy, now in his late 50s, look set to continue the family?s legacy, he couldn?t help but feel consternation that he, and many from his generation were being left behind in a new age of information and technology.
The stories of crypto millionaires and billionaires bidding inconceivable amounts of money for digital artwork and minting fortunes beyond the dreams of avarice from tokens were becoming so prevalent that they had become virtually impossible to ignore.
While the Hwang family had been understandably skep...
The post Cryptocurrencies Haven?t Hit Peak Bubble Yet appeared first on LUXUO.
Image: Old Money/Unsplash
Timothy Hwang fiddled with his cappuccino. Sitting in the posh dining hall of the high-end French restaurant Les Amis, in downtown Singapore, he lamented to his private banker how he struggled to understand the so-called ?new economy.?
Hwang, a thin streak of gray hair the only physical trait suggesting he was somewhat older than his youthful frame revealed, was seated with his mother who was in her nineties, alert and the indisputable matriarch of a family business that spanned several generations.
The Hwang family had spent a lifetime dedicated to building the family business, a brick-and-mortar empire that revolved around commodity trading, real estate, and hospitality.
And as Timothy, now in his late 50s, look set to continue the family?s legacy, he couldn?t help but feel consternation that he, and many from his generation were being left behind in a new age of information and technology.
The stories of crypto millionaires and billionaires bidding inconceivable amounts of money for digital artwork and minting fortunes beyond the dreams of avarice from tokens were becoming so prevalent that they had become virtually impossible to ignore.
While the Hwang family had been understandably skep...
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