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The Crypto Market Is in a Stage of Democracization Without Regulation
The crypto market is in a stage of like democratization, even though that's the most annoying buzzword today. It's democratization without regulation. And so what you had with the equity markets in the 19th century and 20th century was you know, the Gilded Age where it's the robber barons like J Gould, Jim Fisk, etc. All basically just manipulating the market.
Trey brings back financial historian, Jamie Catherwood. Jamie is a Client Portfolio Specialist at O'Shaughnessy Asset Management and the author of the popular blog, Investor Amnesia.
Trey and Jamie discuss the historical viewpoint on a post-bubble world, the impact of 1800s markets on our current market outlook, and more.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:45 - How markets from the 1800’s can inform how we view our market today.
13:27 - How the frauds of today like FTX draw similarities to frauds of the past.
31:00 - How the crypto market resembles the early days of the stock market.
40:32 - Why market regulations developed in the US.
54:10 - Where the term “bankruptcy” comes from.
55: 30 - Other fascinating facts and stories from the past.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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