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66. MONEY | Q4 Preview: Currencies Are Collapsing, Hyper-financialization, Druckenmiller, Doomberg, and more

Alfalfa Podcast

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The Short Basket

Cardano has all the characteristics of things that you'd want to short, which is like high beta and no fundamental value. I watched an interview with Greg Jensen from from Bridgewater a few weeks back. He said there's two types of assets now in crypto: Assets that generate their own internal cash flows such that the price is able to be stabilized by some particular floor or some particular sort of like internal driver. And he said the other type of asset is just pure liquidity assets, like assets that don't generate any Internal Cash Flows at all. But ETH does have this sort of built in support of flow driven by internal demand for the token to do stuff. So we're going to start

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