In order to illustrate my words, let me tell you about myself : I used to work as an intern, for my Master in computer science, for a French IT company between January and July 2000. During this time, this tech company was bought twice : first by USWeb CKS, then by March First (companies long gone as you read these lines).

At that time, an Internet client (B2C kind, just registered on their Web site) was valued around 33k USD…

These figures were of course non sustainable and as many businesses, clients and the whole market became more mature both in their expectations and required levels of servicet, the dot.com bubble exploded, which led to the collapse of the company :

Despite strong early projections, by November 2000 it seemed that the company was not reaching its intended goals. MarchFirst’s stock had dropped nearly 100% since the day it opened, to just over $1; the company cited too much dependency on dot-com clients. It was forced to lay off a considerable portion of its employees and announced a change in strategy that included building tighter and more strategic relationships with its key clients, and cutting contracts with more than 1,000 mostly dot-com companies to focus on top clients.

To get back to our weather article today, whoever may be criticising BTC, I don’t exepct the fall can be as harsh as it was more many comanies back then. The whole crypto market valuation is not just around 450B$, it is a wide economical system with thousands of participants, from miner, to hodlers, to businesses…

So, when I compare to the 2000’s : I do not expect this is to be a crypto winter, but a strong and required correction.