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BTC132: Mental Models For Understanding Bitcoin w/ Anil Patel (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
The Role of Reflexivity in Bitcoin's Volatility
The idea of reflexivity in the context of Bitcoin is really a way to understand Bitcoin's highly cyclical nature. People get very overly optimistic about its future during booms and that kind of plays into itself, creating this positive feedback loop. And we see the same thing on the way down. So yeah, I really just personally use it as a way to make sense of Bitcoin's volatility in that kind of multi-year cyclical fashion.
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