3min chapter

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#43: Diego Parrilla On Appreciating The Opportunity Set In ‘Antibubbles’

Superinvestors and the Art of Worldly Wisdom

CHAPTER

Bitcoin: A Bubble Ponzi and an Environmental Disaster

Paul Titor Jones and Drucker Miller are bubble traders they couldn't give a damn about gold or Bitcoin they just saw a bubble dynamic playing. I think Nicolas Taleb would argue that you cannot have a currency that is more volatile than the underlying you're trying to buy with so there are lots and lots of people on both extremesI respect people on both sides but overall my conclusion is is 20% anti-bubble 80% bubble but time will tell.

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