Financial populism has become so gentrified than, if that's even the right word. The memetic nature of money and finance has never been higher. People just don't see what's wrong with it any more because they take it for granted. In crypto, you had doc coin, where dogin extremely viral on tickta,. And other kind of non traditionally crypto related mediums such as dochcoin briefly went into the top five. 'm coming from where it is,' he says.
Today, Su and I discuss the rise of WallStreetBets and financial populism in general. As one of the most experienced market participants I know, Su has a unique perspective on the story behind the GameStop short squeeze. We explore why he thinks it is going to end in tears for small investors, which invisible rules of the traditional financial system have been laid bare for everyone to see, and how all of this massively validates crypto and Defi going forward.
Su Zhu https://twitter.com/zhusu
Hasu https://twitter.com/hasufl
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