Billionaire Jim Breyer, an investor who remains bullish on crypto and blockchain based businesses said in a final keynote session on Friday that he continues to be “very interested” in the technology, while cautioning that “the near future will be a slog for investors. These are the times that try investors’ souls; “we are close to a nuclear winter right now with cryptocurrency,” Breyer warned.
Why is Breyer optimistic about the crypto space? “So many of the very best computer scientists and deep learning PhD students and post-docs are working on blockchain because they have so much fundamental interest in what blockchain can mean,” Breyer said These brains come from “top-tier academic institutions” including Tsinghua University in Beijing, Harvard and Stanford universities in the U.S.
Breyer said: “You don’t want to bet against the best and brightest in the world.”
What should you do dear reader? PLAY THE LONG GAME! 2 – 5 years!
