Chapter
Speculations on Crypto's Reaction to Inflation and Investors' Attitudes
43:48 - 48:21 (04:33)
Despite the inflation that is happening currently, the price of cryptocurrency has not reacted the way one would expect. Instead, it seems that people are solely speculating on digital currencies rather than investing.
Clips
In this snippet, the speaker observes how macro events don't seem to drive the price of Bitcoin as expected and compares the unpredictability of dying businesses to the uncertainty of making profit from them.
43:48 - 46:20 (02:31)
Bitcoin
Summary
In this snippet, the speaker observes how macro events don't seem to drive the price of Bitcoin as expected and compares the unpredictability of dying businesses to the uncertainty of making profit from them.
ChapterSpeculations on Crypto's Reaction to Inflation and Investors' Attitudes
EpisodeAndrew Wilkinson: The Hardest And Easiest Businesses To Start
PodcastMy First Million
The speaker advises to invest in great businesses and not to fall for FOMO as often these businesses have second opportunities for growth.
46:20 - 48:21 (02:01)
Investing
Summary
The speaker advises to invest in great businesses and not to fall for FOMO as often these businesses have second opportunities for growth. He gives examples such as Amazon and Facebook, showing how they went up and down but still offered chances for profit.