#Amazon didn’t go to $0 when the dotcom bubble burst

November 29, 2017

Excellent #balanced #bitcoin and #blockchain article:

David Shrier, academic and CEO of Distilled Analytics, told CNBC that he has absolutely no doubt that there is feverish speculation going on with #cryptocurrencies but that in itself is not a bad thing.

“There is enough utility and utilization of bitcoin that it will retain some kind of value, even if the price settles down a bit. #Amazon didn’t go to $0 when the dotcom bubble burst, but other frothy stocks with no reality behind them did. Similarly, bitcoin won’t go to zero, but I do believe a number of these other cryptocurrencies will fail,” Shrier said.


Crypto Chat #bitcoin #ethereum #cryptocurrency #blockchain