Encrypted currency hedge fund founder: Bitcoin is the last century 90's Internet

digital currency hedge fund BlockTower Capital co-founder Matthew Goetz said Bitcoin and other encryption monetary Internet is like the 90s of last century. He said that early investment in the Internet was risky, as in the October 2017 investment in the digital money market.

According to Goetz, the virtual currency is a disruptive technology today is correct. He also compared the encrypted currency to the Internet of the 1990s.

"You might think that the encrypted currency is revolutionary and you can make the right choice at the time that you think is the right choice, but remember that once you got Yahoo, then there was Google.

Goetz 's other comments and forecasts The

global digital money market rose rapidly in 2017, and there are now more than 1,000 kinds of encrypted currencies in circulation. The leading virtual currency bitcoin (Bitcoin) rose sharply, prices rose more than 450 percentage points to $ 4400 each.

However, Goetz argues that despite the phenomenal growth of Bitcoin, it will never be the most important digital currency in the world . He added that Bitcoin and other virtual currencies could be overturned by a highly skilled currency .

"Bitcoin is the most deep-rooted, it has a very stable agreement, it will not change a lot, it has a very strong developer base, but in the end it is still a software. There is a great chance that there will be more bitter than the currency "

Goetz claims that in order to replace Bitcoin's Bitcoin, its function should be much stronger than the top-of-the-line digital currency , " said Goetz . He cited an example, Facebook subversion of MySpace, become a popular social media site.

"It's a bit like Facebook." If someone created a new Facebook, it's a little better, for example, by 10%. This is fine, but the network is very powerful. So, this new thing will not kill Facebook. "

English Source: https://cointelegraph.com/news/cryptocurrency-hedge-fund-cofounder-matthew-goetz-compares-bitcoin-to-the-internet-in-the-1990s Source:

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