Putting the Price of Bitcoin into Perspective

1/ I’m being asked about the price drop in bitcoin. Here’s why I don’t focus on price much. — Jerry Brito (@jerrybrito) January 14, 2015

2/ I look at Bitcoin as a 5- to 10-year project and we’re at the very early stages. (Imperfect) analogy is the early web. — Jerry Brito (@jerrybrito) January 14, 2015

3/ Web was conceived by Berners-Lee in 1990. First popular browser (Mosaic/Netscape) came in 1993/1994. — Jerry Brito (@jerrybrito) January 14, 2015

4/ We didn’t get Google until 1998, and Facebook came in 2004–a full 14 years after the web was first conceived. — Jerry Brito (@jerrybrito) January 14, 2015

5/ Bitcoin was conceived by Nakamoto in 2009. So taking web as a parallel, we’re at the stage were we’d hope to see Mosaic, not Facebook. — Jerry Brito (@jerrybrito) January 14, 2015

6/ The Googles and Facebooks of Bitcoin may not come for another 5 years. — Jerry Brito (@jerrybrito) January 14, 2015

7/ Unlike the early web, though, Bitcoin has a price ticker people look at daily, so they wring their hands. — Jerry Brito (@jerrybrito) January 14, 2015

8/ I’ve got a longer time horizon in mind, so I’m less concerned by short-term drops and rallies in price. — Jerry Brito (@jerrybrito) January 14, 2015