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13min chapter
#1444 Anthony Pompliano & Phil Rosen | Why Is Bitcoin Crashing Right Now?!
The Pomp Podcast
Bitcoin's Price Fluctuations and Investor Psychology
This chapter examines the recent volatility in Bitcoin's price, particularly the dramatic drop from $99,000 to $92,000, and the emotional impact on investors. It emphasizes the importance of a long-term investment perspective while exploring the psychological journey of new buyers who initially enter the market driven by the allure of wealth. The discussion also touches on market dynamics, including the role of US ETFs and the generational shift in investment attitudes toward maximizing gains.
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