3 ms·

I like this point. Bubbles all the way down. If one becomes fixated on the troublesome qualities of crypto its intellectually dishonest to ignore the similariti

I like this point. Bubbles all the way down. If one becomes fixated on the troublesome qualities of crypto its intellectually dishonest to ignore the similarities in every other non-crypto investment vehicle.

yaroslavvb 5y ago
The difference is that for some assets you can calculate value based on fundamentals. IE, humans need shelter, hence estimate future value of shelter (real estate) based on migration trends and other factors. How do you estimate future value of bitcoin? Lack of predictability is probably why serious investment funds don't go into crypto