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The communication 3

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So I think statistically, spiritually, any way you want to look at it, there was absolutely a bubble in anything related to crypto going into the end of the year of 2017. I don’t think anyone would deny that it was insane just as the internet mania, but the thing is all of the predictions that were made about the transformative power of the internet actually ended up coming true. It just took longer than what people expected, and the companies involved were very different. If you think about the original dot com bubble, we were worshiping at the altar of fiber optic plays like JDS Uniphase and Nortel. And we were buying up stocks like AOL, and Excite, and Lycos and Yahoo. None of which are particularly relevant anymore. But all the predictions, we’re going to buy groceries on the internet. It happens. We’re going to buy pet food on the internet, it happened.

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