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Blockchain Technology Will Trump the Supposed Crypto Bubble

With the recent dive in cryptos, it may sound like a bubble bursting. But some investors are still optimistic and are prepared to ride it out. Aaron Batalion, a partner at Lightspeed Venture Partners, said he expected to see more 50% price jumps in ether, with big returns down the road.

“Over the next five to 10 years, I believe it will be worth 10 or¬†100 times its current value,” Batalion said.

Matt Galligan, a serial entrepreneur and investor in ether, said he was also looking to the five-year mark, when he expects the platform to have matured to the point when it has a lot of uses.

“There’s going¬†to be a lot of froth and volatility.”

Ether is the unit of currency in Ethereum.¬†It’s a token that can¬†be exchanged for services on the platform.¬†While often compared to bitcoin, ether is not actually a¬†competing currency.

“When you invest in ether, you are not actually doing anything ‚ÄĒ¬†you are holding ammo, which will allow you to execute code when¬†there is code worth being executed on the platform,” Weiler said.

In the meantime, though, you have to be prepared for a lot of volatility. The price of ether shot up this spring, rising from less than $20 a digital coin in March to an all-time high of $420 in midday trading in the middle of June, according to Global Digital Asset Exchange, the primary Ether-trading platform.

In May alone, it rose to nearly $230 an ether from less than $90. In recent weeks, though, investors have been selling off the digital currency.

It sank to as low as $175.56 earlier this week, according to GDAX, before rebounding. In recent trading on Wednesday, it was at $208.87.

It is this possibility that is keeping some investors in the game.

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