1) Don't underestimate the power of a network effect

Internet users in 1995 = 16 million
Internet users in 2020 ~ 5 Billion

For those that don't remember the internet in 1995, the use cases were narrow. Most people didn't see what was coming.

2) @PaulKrugman in 1998 using traditional models to understand the new paradigm - “By 2005 or so, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s.”

3) But entrepreneurs and investors looking to what the future could hold, built some of the largest companies today - on top of that new paradigm. Amazon, Google, Facebook, Alibaba, and many others

3) Bitcoin "users" in 2020 ~ 40 million - growing at a similar rate as the internet in the early years.

How many people are making the same mistake today. forecasting the network value of Bitcoin by its narrow use case today?

4) Don't underestimate what happens next - Its where all the value lies.