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If You Missed Ethereum in 2021, This Token Is Your Second Chance
The Next Ethereum
Teeka Tiwari & Houston Molnar
October 09, 2024
If You Missed Ethereum in 2021, This Token Is Your Second Chance
By Houston Molnar
In 2007, Microsoft’s then-CEO made a trillion-dollar mistake…
When asked about the newly released iPhone's impact on the mobile phone market, Steve Ballmer nearly fell out of his chair laughing.
Five hundred dollars? Fully subsidized? With a plan? That is the most expensive phone in the world. And it doesn’t appeal to business customers because it doesn't have a keyboard, which makes it not a very good email machine.
(You can watch a short clip of the interview right here.)
Ballmer didn’t believe a phone priced hundreds of dollars above existing devices would be a serious threat to Microsoft – or so he thought at the time.
Looking back, it’s shocking how the CEO of a company like Microsoft could just laugh off his biggest competitor.
While Microsoft is one of the most successful companies in the world today, its mobile device sales are practically nonexistent. On the other hand, Apple dominates the mobile market with nearly 28% of device sales.
Ballmer isn’t the only short-sighted executive who got his comeuppance. In 2000, Netflix co-founder Marc Randolph offered to sell his then-startup to Blockbuster for $50 million.
According to Randolph, Blockbuster executives “laughed us out of the room.”
John Antioco, Blockbuster’s CEO at the time, dismissed the offer, considering Netflix a niche business and downplaying the significance of the dot-com era.
Today, Netflix is one of the largest tech companies in the world with a market cap of over $305 billion. Blockbuster is now extinct.
Whether you’re the CEO of a company or an investor, dismissing your competition is often a costly mistake. Especially when that company is innovating and picking up support and adoption in a shifting world.
The reason I’m telling you this is because one blockchain that everyone wrote off as dead just last year is making the greatest comeback story you’ll ever see.
It became a laughingstock of the crypto sphere when it fell from a high of $208 in November 2021 to as low as $9 nearly a year later.
Today, developer and user adoption are skyrocketing. And it’s now among the Top 5 tokens in terms of market cap.
If you don’t own this token today, you should consider adding it to your portfolio right now. That’s because from what I’ve witnessed, it’ll become a blue-chip crypto asset alongside bitcoin… But most people haven’t realized its true potential yet.
The Next Ethereum