Do you remember the IT-bubble? Year 2000. All this companies did get extremly much money from investors that believed that
"IT is the future"....
Well- They had right - but it was to early. So the bubble smashed and slowly the IT-infrastructure could go up up up . But this time not as a bubble...
Today I have been wathing stock-index from Sweden 1990-2015 and compare it to Bitcoin. Well - You see what you want to see but still is amazing similar
FIRST THE IT-BUBBLE
And then BTC from 2016-2020
Pretty similar ups and downs. And at least the value is up in ATH again.
I just needed to take a look at one more index. Or a stock that also was "to early" in the beginning - Amazon
First we have the crash 2000 and then pretty similar waves.
So what happend next?
Swedish index is in this picture only to 2015.
Amazon is only to 2008
Today the value of Amazon is 3000 USD and in Sweden the best perfom funds is in techindustry with more than 250 % in 5 years.
I just thinking today - It always take time before new things are accepted. IF....if BTC will continue to "copy" this ups and downs from other markets (like IT) it will go up A LOT in the next 3 years.
Is it time for massadoption - or just another crasch around the corner...