YTD 2022 performance of bitcoin vs brk-b:
bitcoin: -62.26%
brk-b: 1.9%
So, if you loosely compare the time frame of the development of the Netscape browser (1993) with the Ethereum ICO (2015) — To continue the math, given that the Internet Bubble began to pop in March 2000, that means the crypto bubble would be popping in 2022. And Bitcoin hit ATH in November 2011, so pretty close. Don't get suck into the dead cat bounce of bitcoin lately above 20k.
Arguably, the internet bubble began with the first public issuance of shares from an internet company—the web-browser developer Netscape (a more speedy browser than mosaic), which staged its initial public offering (IPO) on August 9, 1995. The company provided, among other things, a new web browser, a programming language for web animation (JavaScript), and the ability to save certain browser information through cookies. But despite operating at a loss and having no discernible revenue streams, Netscape went public - and did so with considerable success. The stock was listed at $28 on the first morning of the offering but soon hit $58.25 on that day, meaning that its market capitalization sat above $2.5 billion. Can you find a publicly traded company in 2022 that does internet browser as its core business and have a market cap of 2.5 billion dollars?
from the articles:
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Crypto crash could be the next chapter on this blog as it got developed just after the 2008 subprime crisis, as it is the new tulip
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