The Crypto Revolution’s ‘Turning Point’

It’s important to note that Perez is not attempting to predict the future. She is condensing the experience of five previous technological revolutions going back to the 1700s (factory production, steam/railway, steel/electricity, oil/cars/mass production and telecommunication) into recognizable patterns. And yet she could just as easily be talking about the evolution of the crypto industry to date, even though it did not exist at time of publication. If the pattern she describes holds, the current stage is about to unleash a wave of adoption and acceptance that will shape a “golden age” of prosperity – such as those birthed by previous waves of tech innovation. That, in turn, could unleash not just greater efficiencies and access but also a new social structure.