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Not only that but even with the dot-com bubble, the internet still exists and tech companies are still booming. Yes there was short-term fall out from the dot-

Not only that but even with the dot-com bubble, the internet still exists and tech companies are still booming. Yes there was short-term fall out from the dot-com craze, but it didn't fundamentally change anything. Crypto is absolutely in a bubble. It will pop eventually. That doesn't mean it will become obsolete or invaluable. I believe the tech is here to stay. It may not be as lucrative for the get-rich-quick-sheep, but it will get used.

prostoalex 9y ago
> Yes there was short-term fall out from the dot-com craze, but it didn't fundamentally change anything. This guy is an investor, the memo has been sent to "Oaktree Clients". If one had invested in DrKoop, theGlobe.com or Pets.com, their fundamentals as far as disposable income or outlook on retirement might've shifted dramatically. It's like trying to persuade someone whose retirement funds were all in Enron to take it easy, because electricity still exists.