I've always been fascinated by parallels between the early Internet and the early blockchain. The big question, though, is exactly where on the Internet timeline we currently are. From my perspective, it feels like the frothy, go-go dot-com days of the mid-to-late 1990's, when companies like Amazon and eBay were first breaking into the public mainstream and everyone wanted to be a dot-com entrepreneur.
However, in the YouTube clip above, Brian Kelly of CNBC's "Fast Money" suggests that we might still be in the very early days of the blockchain. A better comparison, he says, might be the Internet of the 1980's, back when nobody dreamed of how far this whole Internet thing might go and companies like Microsoft and Cisco were first getting started.
But here's the thing - the further back in time you place the blockchain on the Internet timeline, the higher is the potential upside. And the upside is tremendous. We haven't even scratched the surface of what's possible with blockchain technology. In fact, Kelly suggested a price target of $250,000 for Bitcoin by 2022 might actually be attainable. That's not a typo - if you thought Bitcoin at $20,000 was overpriced, what do you think about Bitcoin at $250,000?
Buy and HODL, folks.