AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Probabilistic Approach to Bubbles
A larger run up in prices is more likely to be a bubble. Bitcoin looks like the mother of all bubbles, and that is for Bitcoin. We don't know how much debt actually went into it. It wasn't a very big market in the first place. And there were probably enough players out there who had who had enough capital to play with and to speculate on it.