CoinShares CSO Meltem Demirors Shows Bitcoin Entering ‘Deployment Period’ As Paradigm Shift Advances
Meltem Demirors, chief strategy officer at digital asset management firm CoinShares, says paradigm shifts are underway with Bitcoin as a proven technology.
Demirors, who is a member of the World Economic Forum’s Blockchain Council and former vice president at Digital Currency Group, tells her 92,500 Twitter followers that such shifts take time.
7/ this new model doesn't materialize overnight.— Meltem Demirors (@Melt_Dem) July 23, 2019
our psychological anchoring keeps us rooted in the world of the physical, and the idea that intermediaries protect us from risk. @eiaine captures this brilliantly. change is coming. slowly at first, then suddenly and at once. pic.twitter.com/WRMal7tplp
“Secular investment trends take a long time to play out, and are often driven by a paradigm shift/once in a generation event. Amazon is a great example.”
As secular investment trends tend to move in a trajectory over the long term, they can have a major impact, slowing transforming businesses and infrastructure.
“If you bought Amazon at its peak in 2000, you were out of the money for *seven* years. Amazon was part of a cyclical trend in internet stocks in 2000. However, over the last 20 years, Amazon has been one of the best investments. secular > cyclical.
If we look at bitcoin investing, it follows the cyclical trend outlined by the brilliant Carlota Perez in her book ‘Technological Revolutions and Financial Bubbles’. Bitcoin is a secular investment (if you zoom out, up and to the right) that operates in cycles.”
That cycle shows Bitcoin entering the “deployment period” after tumbling out of the frenzy phase that resulted in BTC’s spectacular crash in 2018.