Cryptocurrency and the 21st Century Paradigm Shift – Barron’s
To the Editor:
Crypto changes the pattern (“Bitcoin Goes Mainstream,” Cover Story, Oct. 22). Here’s why: When the economy goes through a paradigm shift, the embodiment of capital changes—18th century capital: farmland; 19th century capital: factories, machines, government bonds; 20th century capital: urban real estate, stocks.
Remember when the internet was once dial-up, hissing and beeping? It was originally invented for communication. It had no value until services were attached. Crypto platforms are a global paradigm…