Investing in Bitcoin is Like Betting on Internet Companies in 90s

The title alone says everything. Matthew Goetz did not read Satoshi's whitepaper and it is clear that he does not know what he is talking about.

It would have been better for him not to talk about something that is beyond his expertise. I am not saying I am an expert myself, but the people who can comment what is good or bad about bitcoin are the very people who have a background in cryptography. Not retired bankers who's expertise is scamming the people.

Former Goldman Sachs vice president Matthew Goetz believes that investing in bitcoin is comparable to investing in internet companies in the early 1990s: it’s clear this technology is disruptive, but it’s impossible to know whether bitcoin will be usurped by another cryptocurrency down the road — perhaps one that hasn’t even been invented yet.

Goetz, who co-founded cryptocurrency investment firm BlockTower Capital earlier this year, compares the current state of cryptocurrency to the development of the internet during the early 1990s. Even at that early date, select forward-thinking investors rightly forecasted that the internet would usher in a digital revolution, but virtually no one could have identified the specific investments that would benefit most from this technology.

Read in full https://www.cryptocoinsnews.com/investing-bitcoin-like-betting-internet-companies-90s-says-fmr-goldman-sachs-vp/