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#711 The Psychology of Bitcoin and Crypto Markets w/ Geoffrey Miller

The Pomp Podcast

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Does War Buffet Run a Colt?

I think the crucial difference is, you know, berkshire hathaway verses like amway or any kind of other multi level marketing or pyramid schame. Berkshire hathaway is not just investing in itself. It's taking your money and investing in other real companies that have assets and dividends. So it's kind of the middle the middle man. You're not just buying berkshire hathaway token tit’s only supported by additional inflows from other investors. I think crypto needs to figure out, how do we convince crypto investors that, like bidcoin or cardono or algrand or ethereum, aren't just investing in those systems themselves?

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