The great crypto collapse
The David McWilliams Podcast
00:00
Cryptocurrency - You Don't Have a Model, Right?
The rate of interest in Ireland was 15% in the early 1990s. If you have a rate of interest of zero, you're just bullshitting, right? You don't have a model,. So your evaluation was all based on whether you believed the story. There was no valuation model saying, actually, this doesn't make any sense to me. But not just crypto, lots and lots of things, right? Let's not have go crypto, right? Yeah.
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