RATE Group | View bitcoin like Amazon after 1990s dot-com bubble burst
49877
wp-singular,post-template-default,single,single-post,postid-49877,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

View bitcoin like Amazon after 1990s dot-com bubble burst

21 Nov View bitcoin like Amazon after 1990s dot-com bubble burst

Posted at 16:05h in Bitcoin News by

[ad_1]

Investing in bitcoin is not for the faint of heart, but over any given two-year period holders of the world’s biggest cryptocurrency have been rewarded, CryptoOracle partner Lou Kerner told CNBC on Wednesday.

Kerner, whose venture capital firm supports what it calls the “decentralized digital economy,” has a much longer investment horizon.

For example, he said on “Worldwide Exchange,” “If you go back to the internet bubble, which is what a lot of us in crypto look at for direction, Amazon, arguably one of the greatest companies in the history of the mankind, was down over 95 percent over two years.”

In May 1997, Amazon went public at $18 per share. The stock soared, splitting in June 1998, and continued to climb to more than $300 per share by December 1998. Amazon executed…

[ad_2]

Source link