As I said in my previous post, "Grant it the pressure on Internet stocks was weighed out over several weeks after the initial 'pop' But those who recognized the Internet was not going anywhere and that the infrastructure of what it has become today was not even in place during the early speculation. It seems to me the recent sell-off though much quicker in happening has the same sentiment.
Having watched the whole process in the 90s, it's my opinion that we are currently going through a similar stabilization process with cryptocurrencies and those that have been rattled with tremendous losses are again on the fence as to whether to quit the game entirely or enter the space once more. Surely the day that the Dow Jones industrial average dropped 666 points was a sinister omen that something was amiss and major was about to happen. The recent shakeout having played out over the past couple of weeks, it seems like momentum is building again and those wanting to get on the roller coaster are taking their seats for the slow charge skyward. Deep breathes everyone. Remember there has never been a 'global' market where all the citizens of the world can invest together on the same asset class and that currently there is little if any institutional exposure yet to this still new investment opportunity. Once the Big boys figure out how to enter the space and make it their own, ETF's, hedge funds, and mutual funds will all be able to allocate money to this market and asset class. Then it will be ready set go and then the race is on."
Listening to the following interview this same reiteration was related in similar regard at 14:50: