Bitcoin was produced for nearly nothing. Litecoin cost even less. Now so many of these crypto-businesses are capitalized at levels they expected five years from now. So, even a 50% to 70% haircut from peak prices puts them in a good position to continue development.

This statement is so good! Even if crypto crashes 70%, it won't really matter, because valuations are already too unrealistically high. Projects with only whitepaper have cap of 20Billion, what the hell.

This guy is also right about the new system relying on Blockchain (crypto). Great article ! Now we have to wait and see what the governemnts and banks have in mind. This will get messy at some point. It's nice that we have 70% cushion, lol.