#66 Jesse Myers | Understanding Bitcoin Bubbles and Enduring Bear Market Struggles
Money Minded
00:00
Investing in Cryptocurrencies Is a Game Theoretical Problem
The internet is worth probably like 20 trillion dollars something like that all the global economy that runs on the internet it's worth a lot that's all built on one protocol. Each dollar that you invest has to go somewhere so you're betting with each dollar which is going to win which has a future and that becomes a game theoretic problem of trying to guess which asset will people converge on as gold versus seashells. The bitcoin has already won from day one maybe at one after it reached a certain critical mass but at some point it already passed the critical mass threshold and it's just a snowballing network effect from this point until the whole world adopts it, he says.
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