
Ep25 “Bubble Trouble” with Will Goetzmann
All Else Equal: Making Better Decisions
00:00
Bitcoin's Volatility
The view that we have a lot of bubbles in asset pricing is probably incorrect. It seems very difficult for us to rationalize why Bitcoin is doing what it's doing. Just like there's a bubble component to any currency, the US dollar has a bubble component. I would say that the best example of a bubble is paper currency. There may be bubbles, but we have to look at them very skeptically and look at particular incidents.
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