2017 Will Be Remembered As The Year Of Bitcoin !
In January 2016, an anonymous user posted the following question on Quora: Does it still make any sense to buy Bitcoin in 2016? The price of Bitcoin then was below $400.
My answer then was yes, but it wasn’t that I was religious about Bitcoin or had tools to analyze it quantitatively. To me, Bitcoin was just a very promising early stage startup.
All VC investors know that it’s the early stage where the big multiples are (alongside the high risk, of course). No matter how bullish you are about Facebook’s future today- you can never hope to match the 800x return of Accel Partners who invested in Facebook’s series A. Back then, I theorized that Bitcoin was likely to disappear or lose value over time. But I thought it made a fantastic investment for the small chance it would ever reach the financial mainstream. Real estate investors hardly relate to this “funny math”, but for venture capitalists it’s the bread and butter.
The big breakout in bitcoin was mostly thanks to ethereum smart contracts. With ico’s galore and startups getting a platform to get decentralized investments, of course without bitcoin we wouldn’t have ethereum but it is ethereum that really broke out this year, bitcoin is the genesis chain ethereum is essentially the New Testament!...xrp...Judas? I dunno lol point is I like your post but I think you should get excited about web3 man!
In math we trust!