Have to wonder then, why regardless of the up or down shift, a crypto miner like MGTi is only trading at $1.28.
Seems to me that ultimately secure bitcoin miners with offline cold storage will become smart investments. But, as we know, the main stream media has people thinking crypto is a flash-in-the-pan type of thing. And MSM also seems to be very snarky towards MGTi's CEO John McAfee.
But, as we see people leaving Facebook, Twitter, and Google/YouTube for decentralized platforms, I predict MGTi and other crypto-miners will go up exponentially. But, it will take an equivalent exponential awakening with users still tied to legacy social media.
Hence, I am looking at this all as a 10 year arc.
A film from Adam Sandler, Funny People (2009), (and actually one of the only Sandler films to make me actually laugh), had a scene in it where Adam and a friend pick up some women at a party. The women work for MySpace and were having a huge party. In a scene in a pool, Adam drunkenly yells, "Fuck Face Book!".
So basically, we are waiting for everyone now on Facebook to feel the same way. Pretty sure that video of Mark Zuckerberg did a lot of damage to his brand. I mean come on! The guy walks like his butt is so tight he could eat coal and crap out a perfect diamond!
I would think so as well. I think that eventually money will start sorting through what the good investments are vs. the not so good ones. Money will eventually move into the ones that actually have some substance vs. the ones with the best promotion. That may take some time still though.
LOL nice rant. #fuckfacebook