BITCOIN VERSUS AMAZON
You might as well get used to the Bitcoin headlines because cryptocurrencies like Bitcoin aren’t going away.
Using history as my guide, this may only be the beginning of the run for Bitcoin.
Bitcoin may be the most lucrative investment opportunity in the history of the world.
I believe the Blockchain will be a new era of the internet. think of the blockchain as a more developed and secure planetary exchange powered by Artificial Intelligence and backed by cryptocurrency. The chain must go full circle through the miners that produce the coins building the crypto-sphere of peer to peer accountability.
You know Jeff Bezos started Amazon just like that....
Let's see he had a book store in his garage selling online...
Now analyze this idea he had ....
Amazon will use supply-chain management software to create a virtual book warehouse developed into a single website?
Nobody knew anything about AMZN and just 10 years ago should you have invested a few thousand into the stock or maybe in the software that he used to build the empire he has today... you'd be filthy rich!
Fast forward to 2018, and Jeff is the richest man in the world. According to ZDNet he ended 2017 worth $99 Billion.
I was trading Amazon.com in the dot-com era. If that sounds as scary as it does exciting, it should. While it is true that trading digital currencies holds risk, there is also a real opportunity right now.
Amid the roiling price churn and innovation headlines, it is important to see the bigger picture. Bitcoin and all the other cryptocurrencies are the start of something that's changing human behavior around the world.
Internet 5.0 and the blockchain, a technological accounting protocol, is a human nature changing idea whose time has come.
People you were not able to fully and accurately quantify Amazon's share value at first.
Even by the start of 1997, everyone knew Amazon had a great idea, but no one could fully explain how much its shares should be worth.
Consequently, investors had to guess at the company’s value, notoriously overestimating the possibilities for a time. Amazon rose more than 6,000% in its first two years after its public offering.
18 years later the peak price from back then looks cheap by comparison today.
Surprisingly, Bitcoin’s performance in its first two years only achieved two-thirds of Amazon’s original run-up.
The recent price appreciation of Bitcoin over the last two years and the price of Ethereum since its initial coin offering have both made dramatic gains, but have yet to match Amazon’s meteoric rise.
It’s possible that cryptocurrencies are not only here to stay, but potentially a life changing mechanism for all of us. If that’s the case, then Bitcoin offers people a multi-decade investment opportunity, rising like Amazon's market cap — and a price — that defies logic.
Please watch Minute 44 and scroll ahead if you like in this video on how I compare AMZN and Bitcoin and show how Bitcoin can go as high as $170,000 per coin.
