Lest we have a third crisis causing us to print even more money, we're going to see shrinking money supply. We're going to see commodities come down. We're going to see the commodity that is cryptocommodities also come down, because a stronger dollar will buy more of these finite coins. How many people still have Beanie babies in their houses? How many people still assign any value to them? Does anybody still assign value to a pet rock?
phil spade
@Phil · 2:12
And if we all agree that it has value, then it will have value. And trying to create this self fulfilling prophecy of value, it just doesn't work. I think everybody has to agree that it has value, including corporations and governments. And I just don't see that happening. And I hear the argument about gold. Well, gold really doesn't have intrinsic value anymore. It once was used as a currency, but it's not any longer
Deborah Pardes
@DBPardes · 2:14
And when they drop 50 million on these kinds of companies, they have a really long tail view. I think so. As much as there was a meltdown last week with specific coins and startups connected to the crypto world, I think the long tail view is that this is something that we should pay attention to. The market in general is about speculation, and it's all about whose perspective we're believing
