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How Crypto-Assets Will Play Out In The Long Term

Idea of the internet and the TCP/IP protocol was formally adopted in the 80s. In the 90s we started to see some of the companies reflecting some of the things that can be done on the internet. Amazon was founded in 1994 and Google was founded in 1998. But the internet bubble called the “dot com bubble” burst in 2000. It is when we saw the stock market crash, and most internet companies from the era simply failed and disappeared.

The bubble was real. A lot of companies with bad business models raised wild amount of money and created no value. A few companies survived. At the peak of bubble, Amazon’s stock was worth nearly a $100. At the bottom of the crash, it was nearly $5. Today, it stands at a whooping $1870. So in hindsight, Amazon and companies like Amazon weren’t the problem. Internet wasn’t the problem either. The internet created real value as we all can see today. The problem was excessive speculation and get-rich quick sentiments and since it wasn’t sustainable the market crashed.

I feel crypto-assets are a lot like that. The idea of decentralized crypto assets was first properly proposed in the 90s by Nick Szabo. By 2009, Bitcoin, the first crypto asset of it’s kind was released. By 2013, we had many more crypto-assets including Namecoin, Litecoin & Ethereum. But I’d say the crypto bubble burst in 2017.

I think the crypto-winter might last as late as 2027. During the crypto-winter, most crypto-assets that exist today will have disappeared forever. But there will be Amazons and eBays of crypto-assets, the ones that will survive. By 2037, they will value collectively in trillions of dollars.

2037 will be a great time for crypto-assets, just like 2019 is a great time for tech industry in general.

All of this is speculation, of course. I don’t have the crystal ball. But it is what I believe in. What I also believe in is that the history never repeats itself, but it often rhymes.

Disclaimer: The information provided is for informational purposes only. It should not be considered legal or financial advice. To the maximum extent permitted by law, I disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses.