Ian Foley is a cartoonist, writer, serial entrepreneur and investor focused on enterprise software. Living in Silicon Valley, he has founded or led sales at four startups, all at the forefront of new data technologies.
Cryptocurrencies require an even distribution of sellers and buyers to create a healthy, liquid market. However, many cryptocurrencies have an insufficient number of buyers, and therefore rapidly fall into a frozen state that is very hard to reverse. In this context, bitcoin floats relatively close to the top.