Farcaster

The Y2K scare originated from concerns that computer systems would crash as the year changed from 1999 to 2000. Many people worried that this could cause widespread chaos, including power outages, traffic disruptions, and bank closures. It may sound absurd now, but at the time, many people considered this to be one of the top risks. However, when Y2K hit, it was business as usual, a day like any other.

Do you know who made money from Y2K? It was the people who propagated and warned about Y2K, including software consulting companies, cybersecurity & data backup solutions, financial services & insurance, media companies, and stock market speculators.

The Y2K scare reminds us of the power of fear and how it can drive economic activity. While the doomsday predictions didn't materialize, certain industries profited from the hysteria. It's a testament to how perception can shape reality, even if the outcome is far from catastrophic.