|
|
Edited by Samiksha at 26-12-2023 12:49 PM
Reasons for Long-Term Optimism
Morehead explains why he is optimistic about blockchain technology and cryptocurrencies in the long term. Some of his points include:
Blockchain: He describes it as the last puzzle piece of the internet, a way to transfer funds without incurring high fees from third-party institutions.
Bitcoin: It is not a killer of a specific industry but a serial killer, meaning it will impact various real-world use cases. Similar to the development of the internet, it takes time to develop outstanding practical applications, much like Uber.
He calls blockchain the most asymmetric trade he has seen between "risk" and "reward." If you invest, you won't lose everything. Many Bitcoin investment funds have the potential for a 25x return. Morehead claims this is something you don't see in other investment opportunities.
Morehead states, "We are heading into the post-capitalist era."
In the capitalist era, the wealthy invest to make more money. The past 30 years have been a transitional period where non-wealthy individuals created valuable technology.
"Now we will have 'collaboratively owned' valuable technology," he says. |
|
Post time 7-12-2023 12:43:58