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The Crypto Collapse Spillover With Peter Atwater

Lead-Lag Live

00:00

I Love the Idea of the Imagine Future

I don't think you've ever really had a period in history where there's been a bubble in something that has fundamental underpinnings, right? So presumably part of that idea of imagine future relates to not having anything to anchor evaluations on. What happens with all of these things is we expect things to happen far faster than they really will. And so that acceleration, that gross overestimate of quantity, those things then get filtered into estimates that we then ascribe insanely high multiples and the result is the valuations that we see.

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