2min chapter

What Goes Up cover image

SBF's Love of Risk

What Goes Up

CHAPTER

Crypto Is Like Pet Rocks, Right?

Jamie Diamond from JPMorgan said crypto is like pet rocks. Have you ever had a pet rock? I am of the age where, yes, I did have a,. in fact, I think we made them. You have a collection? Fifth grade art class or something. They were big 80s thing. He said, why do we allow this stuff to take place? The big things in the 80s were the parachute pants. No, my parents wouldn't let me get any. So I didn't have a very hot, but now they're way past my time. But I've heard crypto compared to the beanie. BB babies is a better comparison because there was an active market for

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