Warren Buffett Vs Bitcoin is like…
In 1900, only 4,192 cars were sold in the U.S.; by 1912, it was 356,000
In 1890, New Yorkers took 297 horse-car rides annually. The last horse-drawn trolley left the streets of New York in 1917.
We have a gnawing feeling that someone living in the 1900–1910 decade would have still felt that horses are going to be the defacto mode of transport for the next 2–3 decades. Not only was the switch very quick, it was dramatic in the sense that it wiped out entire economies built around the horse. By 1928 there were only 90 carriage makers left in the Northeast United States, a drop from 4000 in 1880. How many jobs were lost?
Are we ready for the Digital Currency revolution yet?