Crypto Venture Capitalist: BTC Investors Need to Endure As Amazon’s Did

Crypto Venture Capitalist: BTC Investors Need to Endure As Amazon’s Did

Cyber money venture capitalist, CryptoOracle partner Lou Kerner suggested viewing bitcoin as a survivor like Amazon after 1995-2000 dot-com bubble. He believes that BTC is a great store of value and good $8 trillion worth gold system. For that, however, crypto-investors need to «hodl». 

Bitcoin's Like Amazon

In a recent conversation with CNBC journalists, BTC supporter Lou Kerner complied there might be similarities between the most valuable cyber-coin in the world and e-commerce giant Amazon. The latter was down over 95% for two years when the dot-com bubble collapsed and now it is one of the most known companies in the world. 

Our top trading bots

Kerner drew a parallel between BTC and the American company amid the correction on the cyber asset market where the «big daddy» lost 16% of its value in one day and is currently trading at $4,467. 

Indeed, Amazon survived. In 1997 its share cost $18 when it just went public. A year later its stock surged to $300. But after the collapse of the dot-com bubble four years later Amazon’s share was worth $6. This year fall Amazon became the 2nd American business to dim out a stock market value of over $1 trillion. 

Kerner believes Amazon’s example is what BTC investors need to learn from. The venture capitalist even underscored that this kind of volatility is almost nothing to what virtual assets investors have to brace for. Kerner recalled 2013 when bitcoin went down by 70% in a day, but it’s all what digital assets are about, according to him. 

Image Source: Flickr

What is Solana (SOL) Pay, and how does it work?
PayPal was a massive innovation in the payments processing industry. The financial brainchild of Peter Thiel, Max Levchin and eventually, Elon Musk aimed...
Women-led startup to help consumers monetize their data through blockchain
Web2 lets big tech companies collect consumer data without paying the people behind the statistics. However, the advent of Web3 technologies may change...
Rate hikes, CPI and war in Europe — 5 things to watch in Bitcoin this week
Bitcoin (BTC) starts a new week in the shadow of a deepening geopolitical nightmare unfolding in Ukraine.As retaliation for the Ukraine invasion and the...
Are we misguided about Bitcoin mining's environmental impacts? Slush Pool's CMO Kristian Csepcsar explains
It's a controversial topic in the blockchain community that comes up from time to time — just how much impact Bitcoin (BTC) mining has on the environment....
McDonalds files trademarks for McMetaverse restaurants… that deliver
The iconic American restaurant chain McDonald’s looks like it is preparing to make a move into the Metaverse by registering for 10 trademarks in the virtual...
Bitwise launches NFT index fund for accredited investors
In an effort to democratize access to nonfungible tokens, art collections and other digital assets of value for the masses, Bitwise Asset Management launched...
Billionaire Bill Miller advocates for Bitcoin, but doubtful on altcoins
Bill Miller, a seasoned Wall Street investor and founder of Miller Value Partners, advocated for the riseof Bitcoin (BTC) during a recent conversation with...
Brands must tokenize their loyalty and rewards programs
The adoption of nonfungible tokens has served as a practical entry point for users joining the crypto economy, driven primarily by their respective fandoms...
How cross-chain liquidity aggregation can shape the future of DeFi
As decentralized exchanges now represent a significant amount of crypto trading volume, it is vivid that these platforms will play a big role in the smart...
Australian online broker SelfWealth to offer crypto trading
SelfWealth, a share trading platform listed on the Australian Securities Exchange, is planning to offer cryptocurrency trading as part of its 2021 roadmap.On...
Polkadot creator Gavin Wood proposes June 15 for first Kusama parachain auction
Polkadot and Kusama creator Gavin Wood has published a tentative schedule for the much-anticipated Kusama parachain slot auctions. According to a blog post...
All that mined is not green: Bitcoin’s carbon footprint hard to estimate
The debate around the environmental impact of the Bitcoin mining ecosystem is heating up once again as academics have provided a fresh dose of perspective...
WEF report suggests women underrepresented in blockchain, points to solutions
The COVID-19 pandemic has impacted people across the world, yet a new report from the World Economic Forum suggests that women have been one of the hardest...
Governments are looking to buy Bitcoin, NYDIG CEO confirms
State-owned investment funds are reportedly making inquiries into buying Bitcoin (BTC).According to Robert Gutmann, CEO of New York Digital Investment Group,...
Bitcoin Can Reach $50,000 in 2018 – Blockchain Capital Partner
Spencer Bogart, who is a partner at venture capital company Blockchain Capital, in an interview with CNBC said that bitcoin has all the chances to soar...