Rational optimism for crypto

On March 10th, 2000, the NASDAQ Composite Index hit an all time high of 5,048, signaling the peak of the <a href="https://en.wikipedia.org/wiki/Dot-com_bubble" rel="noopener ugc nofollow" target="_blank">dotcom bubble</a> after growing 6x over the past 5 years. That milestone would unfortunately begin a three year downturn across the entire Internet sector. The NASDAQ would go on to fall 50% by the end of 2000, and continue dropping before <a href="https://en.wikipedia.org/wiki/Stock_market_downturn_of_2002" rel="noopener ugc nofollow" target="_blank">bottoming out</a> at 1,114 on October 9, 2002. <img alt="" src="https://miro.medium.com/v2/resize:fit:700/0*VkQ-PZtSOkNC2-SH" style="height:393px; width:700px" /> The NASDAQ Composite Index from 1994–2005 During the dotcom bubble as the NASDAQ was soaring, usage of the technology powering the dotcom bubble — the Internet — was also soaring. The number of Internet users doubled from 150 million at the beginning of 1999 to 300 million in March 2001 as the NASDAQ peaked. But when the NASDAQ crashed, Internet usage did not follow suit. During the period when the NASDAQ plummeted to its low point in October 2002, the number of Internet users doubled again to 600 million. <a href="https://efeng.medium.com/rational-optimism-for-crypto-968104c08e7f">Learn More</a>