What does the business case of the Jeff Bezos company teach? Surely it is too trivial to talk about the bubble when there is a technological discontinuity that introduces new business models: immediately understand how this technology can develop is an exercise that is anything but easy. But it also teaches that it is difficult to quantify values or prices when a phenomenon is very dynamic, such as a disruptive technological innovation, and has dropped in the global market.
This explains why it is very difficult to pronounce on the future of the blockchain at the base of Bitcoin and the many crypto currencies. The backend systems, for example, of the banks have already been scrapped by the blockchain even if it is not easy to guess the timing of their total technological replacement. What is certain is that in a few years some of the companies that are emerging in the cryptocurrency ecosystem will be the world’s leading giants of blockchain technology and will be worth many tens or hundreds of billions of dollars. One must only have the patience to wait and not to be misdirected by short-term speculation. This is why it is not surprising that Bitcoin can fly very high, reaching price values that were unthinkable only a few years ago.