MI135: Bitcoin is for Millennials w/ Preston Pysh
The Intrinsic Value Podcast - The Investor’s Podcast Network
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What's the Ultimate Thing in a Free Market?
In two thousand eight i was an active participant in the market, and i saw how quickly everything just evaporated. People will say it was fear. It wasn't fear. It was credit units blowing up. The units were missing out of the market,. You had all this counterparty risk that had to sell. Had to sell their assets to adjudicate the promises that were broken. That's why people sell. It's not because this is fear. It's because they had promises that they failed to uphold. And so you get into this force selling event. And that's what a credit event does, as it creates this deflationary event where everything goes down in price. Then the central
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