“One day in crypto is like a year in any other technology space.”

At TechCrunch 2018 this past Tuesday, 500 Startups partner Edith Yeung’s statement seemed fitting.

This time last year, Bitcoin’s value was close to $10,000. After the value peaked, however, it and other cryptocurrencies have seen a rocky slide south. As of Tuesday afternoon, Bitcoin had dropped below $4,500 and set a new low for this year. But panelists at TechCrunch’s blockchain side stage remained largely optimistic.

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Bailey Hu

Bailey Hu is based in China’s hardware capital, Shenzhen. Her interests include local maker culture, grassroots innovation and how tech shapes society, as well as vice versa.