A shocking year for crypto losses and confusion over blockchain won't stop these startups.
Cryptocurrencies have lost more than $400 billion from their global market cap over the past 12 months, but despite this Australian start-ups remain determined to weather the fallout from "crypto winter".
Aleks Svetski and Chantelle de la Ray, Amber co-founders, are optimistic about the long-term value of bitcoin.Market tracker CoinMarketCap says the past year of volatility sliced the global value of cryptocurrencies from $610 billion to $190 billion. In the US and Europe, entrepreneurs are questioning whether they can make start-ups in the space work long-term and the phrase "crypto winter", to describe the freezing up of both growth and enthusiasm, was born.
They still believe there's a chance for success provided founders look for long-term growth and business ideas people will actually use.
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