
#101: Peter Smith—What in the World is Cryptocurrency?
Why That Worked – Presented by StoryBrand.ai
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The Volatility of Cryptocurrencies
The press loves talking about the volatility of digital currency because it's an easy story to write. It kind of has, I don't know, this aura of being a gold rush, right? Yeah. And you know, in a way that like Uber probably doesn't have because there's no Uber share price, it goes up and down by the way. The reason it's volatile is that all these projects are very early stage and pretty thinly traded. So if you want to do a $100 million trade on a major crypto exchange right now, it's just going to blow the whole order book, right? Really? For sure. Don't wreck the market for us.
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