Brian Kelly Compares Cryptocurrencies with The ‘Internet In The 1980s’

Chirayu Choubisa

Chirayu Choubisa

April 16, 2018 11:34 am

Brian Kelly Compares Cryptocurrencies with The ‘Internet In The 1980s’... | Coindelite News
3800 Total Views

Bitcoin Is Like The ‘Internet In The 1980s’, says Brian Kelly

CNBC’s Brian Kelly compared cryptocurrency with the “Internet in the 1980s,” indicating that Bitcoin (BTC) is still in its beginning stages, he told on CNBC’s Trading Block.

While asked about the possibilities of Bitcoin, Kelly replied that he used to see crypto as compared with the Internet in 1995, he now thinks that a better connection is further back.

Mr. Kelly told:

“I think this technology is going to work, it is going to be game-changing, but it’s very early days so that we can have this massive volatility.”

Kelly matches Bitcoin with early Internet firms such as  Cisco and Microsoft, comparing Bitcoin with Cisco’s router and Internet protocols. Anyhow, Kelly stresses out it is not right to think of Bitcoin as a company or a stock.

He Included:

“This is an open source software, you cannot consider it as a company, and that is where people make their mistake […] This isn’t a stock, this is not a company.”

Kelly also notes the recent report by analysts at Barclays which referred to cryptocurrency as a “virus” and an infectious disease which would “never hit another high again.”  Kelly remarks that the time right after such negative articles is published when he “wanted to buy any asset, whether it’s Bitcoin or not.”



Recently, Tim Draper predicted Bitcoin price to hit $250,000 in 4 years.

No Comments
San Francisco Federal Reserve Bank Head says Crypto is not a Currency

Crypto is not a Currency says San Francisco Fed Head The head of the Federal Reserve Bank of San Francisco thinks that crypto is lacking the focus features required for defining them as a currency. According to t Reuter’s report, John Williams,  the current head of the Federal Reserve Bank …

Bitpay includes Bitcoin Cash support to Checkout Point-of-Sale App

Bitcoin Cash support Added by Bitpay to Checkout POS App Bitcoin Cash is continuously getting more support amidst clients and service providers, with the most recent example coming from Bitpay. The service now enables merchants to acknowledgement BCH via its POS app, and settlement is awaited soon too so that …

Ripple Seems to Show Definite Signs of Higher Returns in the Crypto Industry

Ripple to Guarantee High Returns Despite Cryptocurrency Behemoth, Bitcoin Since the past few weeks, the cryptocurrency prices are falling which is not in favour of the investors. However, the values seem to have regained their profits again. In spite of bitcoin being the giant coin,  investors for some time now …

Now it is Iran’s turn to Ban Cryptocurrency Dealings

Iran Central banks Banned Cryptocurrency Dealings According to the reports, Iran’s central bank has ordered the country’s banks to stop dealing with cryptocurrencies such as Bitcoin due to the money-laundering concerns. The reports claim that the country is attempting to prevent cryptocurrency activities. The report stated that central bank described …

Indian Court Accepts Crypto Exchange Petition, Issues Notice to RBI Against Banking Ban

Delhi High Court Issues Notice to RBI Against Banning Cryptocurrencies The Delhi High Court has accepted CoinRecoil’s ( Digital Asset Trading platform ) writ with the announcement of a hearing on 24 May. Reserve Bank of India (RBI), The Union of India through Secretary, Ministry of Finance and GST Council have …

Reason for Hike in XRP Value Explained!!!

XRP prices seem to have Spiked Lately Ripple is generating notable gains as the huge cryptocurrency market pushed higher. According to Coindelite, the XRP token attained a value of $0.8768. Coindelite figures show that Ripple rose by 20% over the last 24 hours and has climbed to its highest since …

Press Release