This feels very much like just before the dot com bubble - big crash and only a select few coins will come out the other side and surge to update our financial system
“Ultimately, the story of 1929 is not about rates or regulation, nor about the cleverness of short sellers or the failure of bankers. It is about something far more enduring: human nature. No matter how many warnings are issued or how many laws are written, people will find new ways to believe that the good times can last forever. They will dress up hope as a certainty. And in that collective fever, humanity will again and again lose its head.”
-@andrewrsorkin, 1929
Great read. Makes you realize that technology itself changes a lot - human nature, not so much.
@BCBacker BCB I’m in Australia, so always have to watch your markets in the morning after the fact. I’ve got a burning question that hasn’t come up recently.
Do you still envision that a macro recession type situation could be on the cards after this current run?