Future Friday – Blockchain bear markets

Fred Wilson, an experienced VC, has a nice piece on the current cryptocurrency bear markets. In this piece he compares where we currently are with the price of Amazon shares. After the internet bubble Amazon shares fell from a high of $90 to a low of $6. Kind of comparable to the price of most blockchain based assets.

While currently cryptocurrency assets have lost most of their value, and with that investor’s expectations of their future value this looks a lot like Amazon stock at their low point. I don’t provide investment advice, neither does Fred Wilson, but we all know the valuation of Amazon currently.

Having said that, I’m still a strong believer of the underlying blockchain technology powering these digital assets. While it’s hard to predict which implementation of the blockchain technology will power our future, the technology itself is a safe bet for widespread adoption. Look at the below graphs (form Fred’s article) for some perspective on where we are today:

Amazon share price 1998 - 2006
Amazon share price 1998 – 2006
Amazon share price 1998 - 2018
Amazon share price 1998 – 2018. The earlier turbulence is hardly visible.