Many, who are old enough, will remember the dot com era. This was when the Internet starting to become mainstream. From the financial perspective, it obviously was a time of lunacy.
One problem, during this era, was the fact that people had no idea how to value any of these stocks. Leaving the mania aside, they did not know how to value Amazon, Google, or Priceline,
In this video I discuss how the idea of what cryptocurrency is worth is impossible to determine. Ultimately, we do not know what we are looking at.