Cryptocurrency

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It's based on the belief that a lot of other people will adopt it. It's also important to keep in mind that bit coin is compared to gold. And again, it's really hard to even if you make that comparison, to what extent that particular crypto asset will steal market share from the existing non crypto assets. I want to introduce a little bit of history and psychology here, just because as helpful for framing the discussion. If you were trying to decide whether crypto was a bubble, or you wanted to invest or anything else was a bubble.

At a time where several asset classes are at all-time highs, there's a lot of talk about whether we're in a bubble. That, coupled with crypto assets falling to ~half of their highs, prompted Cal and Steph to dive in to try to answer this question.

In this episode, they discuss the markings of past bubbles, the innovation hype cycle, the difficulty in profiting from nascent innovations, the importance of educating yourself and building your own conviction behind your decisions, managing your psychology (offense vs defense), the cyclical nature of market cycles, and of course... the burning question of whether they think we're in a bubble today.

They also share how they've fared in crypto and how they're thinking about investing moving forward (including Cal's foray into de-fi)

Recommended resources include the books "The Simple Path to Wealth" and "A Random Walk Down Wallstreet", as well as economic indicators like the Shiller PE ratio: https://www.multpl.com/shiller-pe

*** NOT FINANCIAL ADVICE *** :)