BITCOIN THE NEW AMAZON

There was a time 20 years ago when all thought Amazon would fail. Amazon was ahead of its time and technology had to catch up to Jeff Bezos Vision. Did it happen right away, no! Were there naysayers, negative writers and pessimistic financial analysts.? Yes! Lets look at Amazon: Back then, Amazon was a simpler entity. Amazon.com was the leading online retailer of books.To underscore that “leading” status, Amazon included some metrics in the following paragraph so small that they feel quaint by today’s standards: Average daily visits (not “hits”) have grown from approximately 2,200 in December 1995 to approximately 80,000 in March 1997. In 1996, Amazon grew its revenue from $511,000 to $15.75 million, or about 2,982 percent. Returning to our point concerning efficiency, Amazon did lose more money in 1996 than it did in 1995. Its losses grew from $303,000 to $5.78 million.

But when we stack that next to a modern rule, say, the Rule of 40 — that a company’s growth rate plus its profit margin should equal 40 — Amazon was destroying benchmarks. And during its period of hyper-growth to boot.

So how does that compare to BitCoin. Lets look at technology today. 1000% greater than 20 years ago. Communication, education and correspondence is now instantaneously. The platform for Bitcoin to be implemented is incredibly accessible. Back when Amazon began there was no social media or iphones, ipads, twitter and youtube. Yes there will be growing pains with pull backs and regulation and naysayers. But this is a Horse that will win the triple crown and be a useable world wide asset. What is always true. Follow the money. Fidelity, JPM, BOA and Goldman Sachs all financing ICO's and building platforms for Derivative trading of Cryptos.

Blessings.

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