I just realized something odd that never occurred to me before: pizza was instrument to computers entering the households of America.
- In the mid-1970s, good quality video games were far too expensive for a typical consumer, but most local pizza joints could afford the few thousand bucks that they cost;
- Kids and teens would flock to these places (I was one of them) in the late 1970s and drop in quarters with abandon;
- Eventually the ability to play games was made accessible and affordable, so American families had the incentive to spend a few hundred bucks to bring the aforementioned electronics into the home;
- Once consumer electronics (in the form of Atari, Nintendo, etc.) were popularized, it paved the way for the superset of videogame controllers, which was the personal computer.
This occurred to me because of what happened this month with Paypal and crypto. To my way of thinking, permitting the countless millions of people who use Paypal every day a very simple and already-in-place means of buying and selling crypto was a sea-change in how popular an “investment” (if you want to call it that) vehicle that cryptos are.
About a week ago, I wrote enthusiastically about Ethererum, and it looks like things are really starting to cook there.
(Reminder: you can get crypto charts easily in SlopeCharts, such as $ETH for this coin). Of course, unlike Bitcoin, it is not near its lifetime highs – – on the contrary, it’s still worth only about one-third of its peak – – but the bullish formation is quite impressive.
If Bitcoin manages to cross above its own lifetime high of about $20,000, I believe $ETH will keep racing higher, chasing $BTC, particularly since Bitcoin’s besting of its prior high will get a lot of mainstream press.