Whilst many say that we are entering the 4th industrial revolution (completely agreed), I'd prefer to speak of the next K-cycle or Kondratjev's 6th wave.

A thread!

A Kondratjev's wave is a wave that maps the next important technological innovation, which starts a new period of economic prosperity. The 1st wave was the development and widespread use of the steam engine. This started the phase of prosperity.

Still being in the 1st wave, the next phase was (economic) recession, followed by a phase of (economic) depression, followed by a new phase of improvement which started the 2nd wave, being the use of railways and steel. The 3rd wave was the discovery of electricity and chemistry.

The 4th wave was the discovery of petrochemistry and the mainstream use of cars. The 5th wave, as said above, is the development of ICT. Between every wave was a timespan of about 50 years, with only 40 years between the 4th and 5th phase, indicating a rapid development ...

... of new technologies that impact industries. We are now 30 years after the 5th wave and due to increasing development speeds, I believe that we are now entering the 6th Kondratjev's wave. We are now clearly in the recession phase (possibly already the depression phase) ...

... and with the rapid development of AI and #Blockchain, the next phase of improvement is not far off. This new wave that we're starting (mind you, STARTING) will be huge. Projects like $ETH have already proven to be useful and $BTC #Bitcoin is already know by many people.

Newer projects and projects with different goals like $XRP, $ZIL, $ADA, $LINK, $VET, etc. are already being adopted by larger companies and are waiting to be rolled out for public use. There's still a long way to go but most of all remember, this is only the beginning.

#crypto