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Wednesday, December 27, 2017 3:18:36 PM
I get the 100x 300x arguments if this wasn't an entirely new global emerging sector. The last time this happened was .com boom.
The difference here is .com $ was entirely theoretical and it took a decade to realize those billions. We know there is real money that will come quickly here, only limited by production.
Also, a unique complexity here is that major banks will not invest here until Fed passes rec legislation - signed and sealed.
Will there be a massive bubble? Yes. 100% Are we there yet? No not IMO. ,/
Context: .COM bubble lasted nearly 5 years.
Amazon IPO at a market cap of $480+ Million at Revenues of $16M). Amazon IPO'd in 1997. It peaked at a little over 35 billion market cap. That was over 17 years ago when they only sold books, movies, and music. What kind of market cap do you think this can peak at? I have my suspicions.
EngageFactor
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