01-03-2021, 11:20 AM
Bitcoin’s growth looks remarkably similar to the rise of the internet. We have exc
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/kp9lih/bitcoins_growth_looks_remarkably_similar_to_the/"> <img src="https://a.thumbs.redditmedia.com/vTL_7zOlDRL6u7Nw4qU4qAELcg-UO8Ap3pNtbumX5-4.jpg" alt="Bitcoin’s growth looks remarkably similar to the rise of the internet. We have exciting times ahead!" title="Bitcoin’s growth looks remarkably similar to the rise of the internet. We have exciting times ahead!" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>This week’s Bitcoin performance reminded me of an article I published months ago, which I think could invite to great discussions</p> <p>The Nasdaq (proxy of the development of internet-based companies) in 1990s-2010s and the price of Bitcoin in 2016–2020 look almost identical.</p> <p><a href="https://preview.redd.it/4epl1y2ag0961.png?width=918&format=png&auto=webp&s=c170f8badfe3f7e2626ab98e19d8034510194d60">https://preview.redd.it/4epl1y2ag0961.png?width=918&format=png&auto=webp&s=c170f8badfe3f7e2626ab98e19d8034510194d60</a></p> <p>Big tech companies, such as Amazon and Google weren’t always the titans they are today. First there was a nascent technology with limited adoption, then some market excitement, and before the final boom, a massive crash. Bitcoin saw its massive crash in 2017, it’s time for its final boom.</p> <p>While correlation isn’t causation, Bitcoin and the internet are not two completely different things. They are among the most disruptive technologies we've seen in the last 100 years or so. So looking at similarities is an invitation to reflect and think on what we may be overlooking.</p> <p>If you want to know more, you can read my full article <a href="https://lastbit.io/dotcom-internet-icos-bitcoin/"><strong>here</strong></a><strong>.</strong> I write about Bitcoin, economics, and my journey in entrepreneurship with lastbit.io</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/bm_bkly"> /u/bm_bkly </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/kp9lih/bitcoins_growth_looks_remarkably_similar_to_the/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/kp9lih/bitcoins_growth_looks_remarkably_similar_to_the/">[comments]</a></span> </td></tr></table>Kind Regards R
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/kp9lih/bitcoins_growth_looks_remarkably_similar_to_the/"> <img src="https://a.thumbs.redditmedia.com/vTL_7zOlDRL6u7Nw4qU4qAELcg-UO8Ap3pNtbumX5-4.jpg" alt="Bitcoin’s growth looks remarkably similar to the rise of the internet. We have exciting times ahead!" title="Bitcoin’s growth looks remarkably similar to the rise of the internet. We have exciting times ahead!" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>This week’s Bitcoin performance reminded me of an article I published months ago, which I think could invite to great discussions</p> <p>The Nasdaq (proxy of the development of internet-based companies) in 1990s-2010s and the price of Bitcoin in 2016–2020 look almost identical.</p> <p><a href="https://preview.redd.it/4epl1y2ag0961.png?width=918&format=png&auto=webp&s=c170f8badfe3f7e2626ab98e19d8034510194d60">https://preview.redd.it/4epl1y2ag0961.png?width=918&format=png&auto=webp&s=c170f8badfe3f7e2626ab98e19d8034510194d60</a></p> <p>Big tech companies, such as Amazon and Google weren’t always the titans they are today. First there was a nascent technology with limited adoption, then some market excitement, and before the final boom, a massive crash. Bitcoin saw its massive crash in 2017, it’s time for its final boom.</p> <p>While correlation isn’t causation, Bitcoin and the internet are not two completely different things. They are among the most disruptive technologies we've seen in the last 100 years or so. So looking at similarities is an invitation to reflect and think on what we may be overlooking.</p> <p>If you want to know more, you can read my full article <a href="https://lastbit.io/dotcom-internet-icos-bitcoin/"><strong>here</strong></a><strong>.</strong> I write about Bitcoin, economics, and my journey in entrepreneurship with lastbit.io</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/bm_bkly"> /u/bm_bkly </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/kp9lih/bitcoins_growth_looks_remarkably_similar_to_the/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/kp9lih/bitcoins_growth_looks_remarkably_similar_to_the/">[comments]</a></span> </td></tr></table>Kind Regards R