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#Amazon didn’t go to $0 when the dotcom bubble burst

Excellent #balanced #bitcoin and #blockchain article:

David Shrier, academic and CEO of Distilled Analytics, told CNBC that he has absolutely no doubt that there is feverish speculation going on with #cryptocurrencies but that in itself is not a bad thing.

“There is enough utility and utilization of bitcoin that it will retain some kind of value, even if the price settles down a bit. #Amazon didn’t go to $0 when the dotcom bubble burst, but other frothy stocks with no reality behind them did. Similarly, bitcoin won’t go to zero, but I do believe a number of these other cryptocurrencies will fail,” Shrier said.

https://www.cnbc.com/2017/11/29/bitcoin-passes-10000-cryptocurrency-crash-considered-by-experts.html

Crypto Chat #bitcoin #ethereum #cryptocurrency #blockchain

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