"Big Vision. Big Brains": Mike Novogratz Compared Ethereum to Early Amazon in 2015

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Wed, 11/18/2020 - 12:00
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Yuri Molchan
Mike Novogratz, an early ETH holder, sends congratulations to Vitalik Buterin and Joseph Lubin on their achievements in Ethereum made within five years
"Big Vision. Big Brains": Mike Novogratz Compared Ethereum to Early Amazon in 2015
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Mike Novogratz has published a tweet commenting on a screenshot of a note he left to Ethereum in 2015, in which he compared Ethereum to an early version of Amazon.

ETH
Image via Twitter

"Look at Ethereum, might be Amazon 15 years ago"

Back then, he became the first ETH purchaser from Wall Street and obtained 500,000 coins from Vitalik at $0.99.

According to the story shared by Novogratz earlier, Ethereum cofounder Joseph Lubin was his college friend and Novogratz, after entering Bitcoin (acquiring 30,001 BTC), went directly to him to offer getting a stake at Lubin's ConsenSys.

The venture ended up with Mike acquiring half-a-million ETH. In his story he mentioned a direct deal with Vitalik Buterin. However, the Ethereum cofounder rejected that, saying that it was the Ethereum Foundation and not him as an individual who let Novogratz obtain the coins.

ETH
Image via Twitter

In the screenshot of a note that Novogratz left in late 2015, he said that Ethereum might be Amazon 15 years ago. ETH was then trading at $0.89522, or 0.00203 per BTC.

Related Three Reasons Why Ethereum (ETH) Skyrocketed to $491 Today
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"Big brains. Big vision. Big persistence"

In today's tweet, Mike Novogratz says hello to Vitalik Buterin and Joseph Lubin, as well as to the global ETH community, sending them congratulations on what the platform has achieved by now.

Congrats to @VitalikButerin and @ethereumJoseph and the whole $eth community.  Big vision.  Big persistence. Big brains.  A shout out to all the builders out there.  Keep at it.

By now, Ethereum is a constant second-from-the-top cryptocurrency. It has also powered the entire crypto industry by launching numerous platforms in 2016-2017 through ICOs. This year it has been the basis of the majority of DeFi products and is preparing to launch the long-expected Ethereum 2.0 upgrade.

In early 2018, ETH reached an all-time high of around $1,300 and, earlier today, it broke above the $491 level with a slight rollback after that.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.