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156 - Investing in Waves with Chris Burniske
Bankless
The Parabolic Rise of Defi Summer 2020
David Weinberger: I was blindsided in may of 2021 when defi names hit their highs and never got back to those highs. In October, but it was really like november december was the parabolic rise of a number of new names Right. There's the super cycle that's the symptom of euphoria Then you look at the charts they're parabolic on the new names And people are saying oh well btc and eath aren't quite parabolic But like the thing is It helps to have been encrypted for a long time As you understand the maturity of these assets, as they get bigger as they get more liquid You know, they're gonna move a little less So
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