The rise of Bitcoin looks waaaaaay too similar to the rise of the internet. Exciting times ahead!!!

The rise of Bitcoin looks waaaaaay too similar to the rise of the internet. Exciting times ahead!!!

NO! You’re not seeing double. The Nasdaq (proxy of the development of internet-based companies) in 1990s-2010s and the price of Bitcoin in 2016–2020 look almost identical.

https://preview.redd.it/zzn996fjy5l51.png?width=918&format=png&auto=webp&s=2346174cc5dc87bb191aa9e19a30bfd677c53457

Big tech companies, such as Amazon and Google weren’t always the titans they are today. First there was a nascent technology with limited adoption, then some market excitement, and before the final boom, a massive crash. Bitcoin saw its massive crash in 2017, it’s time for its final boom.

If you want to know more, you can read my full article [here](https://medium.com/@bmagb/fortune-teller-or-how-dotcom-was-to-the-internet-what-icos-and-alt-coins-are-to-bitcoin-fe176bae407e?source=friends_link&sk=a1f9b5e2c1ad8d2eeebfb91a38c2bc88). I write about Bitcoin, economics, and my journey in entrepreneurship with lastbit.io



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