2min chapter

Animal Spirits Podcast cover image

More Sellers Than Buyers (EP.247)

Animal Spirits Podcast

CHAPTER

The Russians Are the Best Movie Blown Guys of All Time

Snowflake was sort of the poster trild for crazy valuation. Yet i poe, 20 20, the price of sales ratio was like 300 or something. I think those valuations are igt. But i know people want to blame index funds for the loss of price. Snowflake is an ipiosa. It's not in any of the indexes. This is actively managed people, active managers, pushing this thing around. Ye duncan just let us know that russians population is one point eight seven percent of the world's total, yet they own 12 % of crypto. What if it's all bots? It's all bots buying it? I don't buy it.

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