Check out the Five Stages of Grief in the following post. They describe pretty well how incumbents react to disruptive technologies. It's amazing how history tends to repeat itself but with new flavors each time.
regards
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Similar to the dot com, there will probably be a culling effect on the cryptos. I wonder which ones will survive..
I read that a while back...it is very good and I think captures the essence of what we are describing.
Peter Diamandis called technology deceptive right before it is disruptive....so the masses sleep just before the boom.
Is Jamie Dimon the alarm clock for cryptocurrencies?
Jamie Dimon is a good marker indeed, it's like seeing Thomas Edison electrocuting elephants haha