In this chapter, they discuss the tendency of investors to throw logic out the window and surrender to the belief when it comes to their finances. They mention the fear of missing out as a powerful motivator and share personal experiences with investing in cryptocurrency. They also reference historical examples of people being drawn to speculative bubbles and the allure of potentially making money.
“I’d pull back the curtain and there was nothing there.”
The hype of crypto was real. Many of the use cases are still to be determined. Deidre Woollard caught up with Zeke Faux, an investigative reporter for Bloomberg and the author of “Number Go Up: Inside Crypto's Wild Rise and Staggering Fall.” They discuss:
- Why investors are quick to throw belief out the window - What really happens at an NFT party with Snoop Dogg, Eminem, and Jimmy Fallon - Questions around stablecoins, and one company “quilted out of red flags” - What happens when you spend a book advance on a JPEG image
Tickers discussed: USDT
Host: Deidre Woollard Guest: Zeke Faux Producers: Ricky Mulvey, Mary Long Engineers: Dan Boyd, Annie Pope
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