The highly respected weekly financial newspaper Barron’s published a great article “Bitcoin Storms Wall Street” by Avi Salzman on Dec 2, 2017.
This exhaustive, analytical, and well researched article quotes hedge fund managers, derivatives experts, Goldman Sachs analysts and appears to paraphrase one of my blog posts.
The 39th paragraph of this Barron’s article discusses the risks of trading cash-settled Bitcoin futures and uses the SAME ANALOGY I USED COMPARING BITCOIN TO FRIENDSTER! I would like to point out I published my blog post on November 28 (5 days BEFORE the Barron’s article published).
Here’s what I published on Nov 28, 2017: “Bitcoin may have been the first, but it may not be the long term winner. Do you wish you invested in Facebook? Its IPO was around $32 and today it’s $180. You could have quintupled your money. But before Facebook was MySpace. And before MySpace was Friendster. Friendster was first – do you remember Friendster? Exactly. If you put your money on Friendster, you would have lost. Maybe Bitcoin is Friendster or MySpace. Maybe an altcoin will be the next gold standard and Bitcoin will be the next generation’s punchline.”
Here’s what Barrons published Dec 2, 2017: “A danger is that Bitcoin could end up being the Friendster of the crypto world, while the Facebook – the real winner – may still be in development somewhere.”
Does Avi Salzman read my blog? I am flattered (but a credit or even a heads up would have been nice). If anyone finds other articles that closely resemble what I wrote, please let me know, I find these things gratifying.