Fiscal headwinds and unrealistic S&P EPS growth with James Kostohryz
Investing Experts
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Bitcoin's Price Dynamics: Optimism vs. Skepticism
This chapter explores the recent surge in Bitcoin's price, linking it to economic concerns and the influence of a minority of optimistic investors. It critiques the efficient market hypothesis and examines how prices in the stock market reflect the highest bidders rather than an average consensus. The discussion highlights the unique nature of Bitcoin's valuation, driven largely by fervent beliefs rather than traditional financial fundamentals.
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