I felt compelled to write about my thoughts on the crypto market after Bitcoin just broke $12,000. Wow, not too shabby, ey? For those that weren’t interested a year back, six months back or even a month back, it's definitely got their attention now.

The crypto market is a volatile place. One day you will be planning a holiday to the Maldives, the next you will be planning to stay at home for the summer. That's how quickly things change. Yes, things are great now but will they last? Is this all just hype?

For the first time, everyone wants in. Its great, I am not considered a crazy person anymore when I talk about it at the bar. Everyone is wanting to join in the fun and make free money just like that guy in the news that made millions on bitcoin because he knew a guy that told him to invest $100 in 2008. Why not!

But as a crypto-head and someone who is working in the industry, I want you to know, I have no bloody idea what the value of a coin should be. No one knows. Not that person that uses Fibinachi analysis on a price graph of bitcoin, not that founder of a successful ICO, not that wall street investment banker that thinks crypto is a bubble and not that developer in Ukraine that allegedly spoke to Satoshi Nakamoto in 2010. Nobody.

So am I a long-term believer in crypto? I am a long-term believer in Blockchain technology. There is a big difference here. The technology underlying the crypto market is separate from the speculative price of bitcoin.

It is still early days and we are all still working out the real world use cases for blockchain. Until this is done, the price of the crypto market is purely speculative.

The value of bitcoin is not based on any real-world fundamentals besides that its supply is limited at 21million. Okay, go ahead and buy a coffee with your new TenX card, but by the time the transaction goes through, you paid $3.50 instead of $3. Okay, go ahead and use it as a store of value and see your heart stop when it drops 30% in one day. Okay, go ahead and use it as a payment processing system instead of Visa which processes nearly 24,000 transactions a second compared to bitcoin’s measly 7.

So what am I excited about? Companies like Bancor, that are making it so easy to create a token economy, are going to open up new possibilities, new tokenised communities.

I am most excited by those projects that are helping the 2 billion unbanked people in the world. They, one day will have access to capital (Micromoney), will be able to make money off their solar panels (Solarcoin), register their property title and automatically be part of a property trust (Bitland), and the ability to earn money through their smartphone (StormX). Now that excites me.

So when friends ask me what coin should I invest in? Do I think it's a bubble? My answer is the same every time. I know nothing- just like everyone else.