FYI: In the late ’90s, investors believed the internet sector was going to change the world. In turn, investors paid extremely high valuations for these companies, and their returns were spectacular for those that were invested. I remember vividly investors arguing that “this time was different” for the internet sector.
In 2017, many investors claimed that cryptocurrency, ICOs and blockchain stocks were going to revolutionize the world. Many investors pleaded that these coins were going to transform the way money is stored, exchanged and transacted in society. Similar to the internet stocks of the late ’90s, last year, crypto assets soared.
Regards,
Ted
https://www.etf.com/sections/etf-strategist-corner/time-de-risk-your-etf-portfolio
