Media

Bitcoin and cryptocurrency, in general, has been taking a hit in the past month or so with significant price drops, and even the fall of extremely large scam, Bitconnect. All together this discouraged a lot of people away form cryptocurrency. But a recently Brian Kelly of CNBC’s Fast Money, has compared cryptocurrency more specifically Bitcoin to the internet in the 1980s.

Cryptocurrency is like an Early Computer

If you are not aware the internet in the 1980s was unusable by the average person, you needed to know a great deal of math and coding to even use a computer in the 1980s. Yes, people saw potential in the internet and subsequently the computer, but many did not see the potential. I don't blame them either, just look at the picture below, how could you see potential in that.

But none the less, computers eventually started advancing like wildfire. The technology got more advance by the day, then the internet was introducd, which gave a reason for an everyday person to own and use a computer. From their, the computer and the internet took off like nothing before. Similarly, cryptocurrency is in the same state, an early primitive computer, that just needs a slight nudge, such as the internet for the early computer, to take off. What that nudge will be is anyone's guess, but it is coming.

Qoutes

“I think this technology is going to work, it’s going to be game-changing, but it’s very early days, so we can have this massive volatility.”

“This is an open source software, you can’t think of it as a company, and that’s where people make their mistake [...] This is not a stock, this is not a company.”