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EGreg on Jan 29, 2023 | parent | context | favorite | on: Higher rates will lead to the next generation of g...

Well, it’s probably how he built a lot of his wealth. Then he moved on to SPACs.

I regard Bitcoin as a speculative bubble, I myself have known about it since 2011 and back when it was $10-50 did not consider it a bubble, because I thought it would become a medium of exchange:

https://magarshak.com/blog/?p=148

tb84 on Jan 29, 2023 [–]

> I regard Bitcoin as a speculative bubble

So do I; shame it turned out this way. I also like the reference to Gresham's law in your post. Spot on, almost a decade earlier.

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