An analysis of cryptocurrency exchanges

There’s a common belief in emerging industries experiencing enormous growth that it is better to be the person selling the shovels and pickaxes than being the person mining the gold. During the California Gold Rush, the picks and shovels salesman was Samuel Brannan, who, quite literally, sold pickaxes and shovels to gold miners.

The picks and shovels salesmen in the cryptocurrency industries are the mining hardware manufacturers, offering businessmen the chance to strike rich on mining cryptocurrencies and cryptocurrency exchanges offering investors the opportunity to own a claim on assets prospectively powering the multi-billion dollar decentralized economy.