My grandpa was a conservative man who did not take huge risks but built a good retirement portfolio without ever having made a ton of money. He was smart with economics and watched the markets closely. He refused to invest in early Amazon.com because the did not trust their model. I remember him saying point blank "what is there to invest in, their model is low to zero inventory, no brick and mortar. if they go away what is there to sell?" He was right about their early model. But they were ground breaking. A lot of dotcoms tried this and failed. Ever read DotBomb about Value America? (great book btw) https://en.wikipedia.org/wiki/Value_America
would you not take Amazon stock today at $2/share if you could? nobody would have fathomed a dow jones at $26,000 back then or an Amazon stock hitting $1800.
when Facebook IPO'd around $43/share people said they'll never make a profit, the world is moving to mobile. price plummeted to $18 and today sits around $180.
Crypto is taking a big risk and attempting a completely new approach to an old game.
Now we see that Abra is offering stocks and ETF's, Robinhood, etc.
we've been waiting for the big brokerages, the old school places to adopt crypto. but what is actually happening is the new school crypto exchanges are adopting stocks etc.
when the internet started it's boom the old school newspapers and media outlets refused to adopt and now they are dying. many are already gone. the new school form of blogging/vlogging, twitter, snap, facebook etc are taking over. visit a traditional news site, they look like the websites were made in 1998 and their revenues are down.
The new is scary and risky and it's unknown. We can't imagine a $trillion market we've never seen before. But someone always has to do it first. someone has to be brave and lead the charge.