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

Coinbase to track off-platform crypto transfers in Canada, Singapore, Japan
Citing compliance with local jurisdictions, crypto exchange Coinbase announced to soon collect additional information from users based in Canada, Singapore...
UkraineDAO raises over $6M via NFT sale to aid Ukrainian citizens
UkraineDAO, the decentralized autonomous organization created by Pussy Riot’s Nadya Tolokonnikova, Trippy Labs and PleasrDAO members, crowdfunded 2,188...
Terra price gains 75% in February as $2.57B in LUNA tokens removed from supply
Terra (LUNA) emerged as one of the best performing financial assets in February, a month mired by geopolitical conflicts and their negative impacts on the...
Polygon price risks 50% drop as MATIC paints inverted cup and handle pattern
Polygon (MATIC) has dropped by more than 40% from its record high of $2.92, established on Dec. 27, 2021. But if a classic technical indicator is to be...
Former Manchester United players to launch soccer-centric DAO
Former Manchester United legends Gary Neville and Paul Scholes are teaming up to launch a one-of-a-kind sports-centric DAO (decentralized autonomous organization)...
El Salvador prepares 20 bills to provide legal framework for Bitcoin bonds
El Salvador’s government, led by President Nayib Bukele, has moved ahead with plans to issue Bitcoin bonds by preparing 20 bills designed to provide a legal...
From eNaira to eHryvnia, a Caribbean fintech develops CBDCs around the world
Barbados, a paradise island in the West Indies, is known for its azure beaches, tidal waves, shipwrecks, homegrown grown Barbadian hospitality and, more...
El Salvador stacks 150 Bitcoin after BTC price crashes below $50k
The Republic of El Salvador has procured 150 Bitcoin (BTC) amid the biggest bear market since Bitcoin attained an all-time high of nearly $68,000 back in...
Russia aims to limit crypto purchases by non-accredited investors
Anatoly Aksakov, chairman of the Russian State Duma Committee on Financial Markets, argued that Russia needs to adopt new laws to protect retail investors...
Axie Infinity (AXS) gains over 45%, but ‘death cross’ fears persist
Axie Infinity’s native cryptocurrency, Axie Infinity Shards (AXS), bounced higher on Sept. 23 as the market’s focus shifted to its listing on two major...
Price analysis 8/13: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, SOL, LTC
A KPMG report titled “Pulse of Fintech H1 2021,” shows that the total investment in the blockchain and cryptocurrency sector in the first half of this year...
NFT animation 'Stoner Cats' preps for launch following delay
A cat-themed animated series, featuring prominent entertainers and personalities from the crypto space, is reportedly back on schedule after an unexpected...
Cardano Soars 936% As Investors Gain Confidence
Investing.com - Cardano was trading at $14.606836 by 01:49 (05:49 GMT) on the Investing.com Index on Monday, up 936.10% on the day. It was the largest one-day...
Over 10,000 blacklisted BTC from 2016 Bitfinex hack on the move
A tranche of long-dormant Bitcoin seized in the 2016 hack of the Bitfinex cryptocurrency exchange are on the move today, an over $620 million sum that has...
Wall Street Bull Tom Lee Says Bitcoin Could Effortlessly Double in 2018
Bitcoin might not be having the best time of its existence right now, as it is going through a series of price swings. Today, on January 11, the most known...