In January 2016, an anonymous user posted the following question on Quora: Does it still make any sense to buy Bitcoin in 2016? The price of Bitcoin then was below $400.
My answer then was yes, but it wasn’t that I was religious about Bitcoin or had tools to analyze it quantitatively. To me, Bitcoin was just a very promising early stage startup.
Back then, I theorized that Bitcoin was likely to disappear or lose value over time. But I thought it made a fantastic investment for the small chance it would ever reach the financial mainstream. Real estate investors hardly relate to this “funny math”, but for venture capitalists it’s the bread and butter.
Source/More: 2017 Will Be Remembered As The Year Of Bitcoin