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"Bitcoin will go to $40,000 this year. . ."


Every year around this time I attend a small, private event to break bread with some of the most invigorating people I know.

There's only about 100 people in the room– but they're all at the top of their game… business and intellectual leaders from a variety of industries.

And we gather each year to build relationships with one another and hear about some cutting edge ideas that are usually 2-3 years from hitting the mainstream.

This past weekend's event, for example, showcased some revolutionary medical advances, including an approach that targets specific proteins to treat afflictions that are caused by, or exacerbated by inflammation– including cancer, arthritis, etc.

It's really exciting to see what's on the near horizon with medical technology.

Among other speakers was also a prominent crypto evangelist who spoke about what the future of cryptocurrency will look like in the coming years.

No major surprises– he told the audience that crypto is still in its infancy and has an incredibly bright future.

I agree. And his analogy to illustrate this point was looking at the growth of the tech sector from the early 1980s through today.

Back in late 1970s before personal computers became ubiquitous, there was serious doubt (even within the industry) that consumers would ever adopt the technology.

Ken Olsen, founder of Digital Equipment Corporation, famously stated in 1977 that "there is no reason anyone would want a computer in their home."

That very year saw the introduction of the Apple II, Commodore PET, and Tandy TRS-80 personal computers, all of which proved extremely popular with consumers.

By 1982 the computer replaced "Man of the Year" by Time Magazine, and several dozen companies had jumped into the industry designing hardware and peripherals.

Technology stocks began to rise, and shares of companies like IBM and Hewlett-Packard quickly doubled in the early 80s.

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