4min chapter

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117 - Timeless Wisdom for Crypto Investors | Jim O'Shaughnessy

Bankless

CHAPTER

Investing in Cryptocurrencies

In the late 19 sixties, one of the most speculative decades for stocks since the twenties, they had a thing called the nifty 50. As long as human beings determine ultimately their price, you always can have situations like this. In april of 19 99, i wrote a piece, it's still available somewhere on line, called the internet contrarian. And in that piece, i said when the crash comes, 85 % of these companies are going to be carried out first. They're going to die away. That's the call. My thesis is that as long as human being price securities, or crypto, or whatever asset class, this is ubiquitous and applicable to all asset classes.

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