Bubbles and Currency
Jonathan expresses skepticism about bitcoin's value, suggesting it may be driven by a bubble component similar to traditional currencies. Will highlights a significant bubble from 1720 that impacted stock markets across Europe, leading to the creation of the term "millionaire" as fortunes were made and lost in a matter of months. This discussion reveals the intricate relationship between money, value, and speculative behavior throughout history.In this clip
From this podcast
All Else Equal: Making Better Decisions
Ep25 “Bubble Trouble” with Will Goetzmann
Related Questions