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.
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 to the top.
Despite the promises that bitcoin will be used for everyday purchases, many businesses that were initially bullish have stopped accepting cryptocurrencies.
