This interview has been edited and condensed.
Mike Butcher, an editor-at-large of TechCrunch is a pioneer of the tech and journalism industries. He has also started covering the crypto industry and blockchain technology, as — in his words — “that is effectively going to be a new way to the future.”
He first heard about crypto back in 2011 and it was ‘Bitcoin that got [him] interested’ in the space.’
“I think it is sort of a general theme — decentralization. It is really fascinating, you know. We had Google, Apple, Facebook, Twitter, Amazon, effectively build centralized networks for the last 25 years of development of the internet and what we are doing now is we are looking for [the] decentralized players of the future. I mean, the fascinating ideas: for instance, you can create the decentralized Uber, which will be an incredible kind of move. And the exciting thing about it is how we will have brand new actors. There is more collaboration between all of these projects than in previous systems, so that is why it is so amazing.”
Catherine Ross: Does the crypto space really resemble the beginning of the tech market? There’s been a lot of comparison to the ‘dotcom’ bubble.’[1]
Mike Butcher: Yeah, it is very similar to previous bubbles in many ways. What is different about this one is the amount of money that is in the space. Previously, in sort of mid-nineties [sic], in order to be able to work in the internet space, you had to raise proper, real money. And that was a different kind of era. But now, the money is effectively built into the bubble. And so that is why it is so fascinating and potentially dangerous for some people, given that there is
