779: Max Wright: The Bitcoin Bungee Theory
Cashflow Ninja
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The Bitcoin Bungee Theory
No matter which crisis you look at, everything is like an ocean moment. Everything is going to affect other asset classes a little bit differently. Stocks go down, real estate goes down, cryptocurrency goes down in the nominal price I'm talking about. But then depending on the crisis, depending on the asset, they might go down and stay down. And it's funny that Bitcoin is called a risk-off asset, but a big part of the 2021 bubble was a whole bunch of Silicon Valley people getting rich off bitcoin.
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