According to a report released by tech advisory firm Gartner, bitcoin and other cryptocurrencies are still in their hype but might be due to plateau in two to five years. The report included bitcoin in its sectors marked by “over enthusiasm” and “unrealistic projections”.
This annual release is marketed for RD firms and tracks the maturity of more than 2,000 nascent technologies on the road to mainstream adoption. It makes use of five key stages that follow expectations over time: innovation trigger, peak of inflated expectations, trough of disillusionment, slope of enlightenment, plateau of productivity.
Too Much Bitcoin Hype?
Bitcoin and cryptocurrencies were first mentioned by the Gartner report in 2014 when it indicated that the sector just reached the “peak of inflated expectations”. Since then, the price of bitcoin has been on a steady decline before stabilizing around $220-250 these days.
“Physical assets become digitalized and become equal actors in the business value chain alongside already-digital entities, such as systems and apps,” the report explains. Still, cryptocurrencies are rated highly for their potential impact and high levels of interest.
“Although we have categorized each of the technologies on