The sky is falling! The sky is falling! Yet another Bitcoin podcast…

 

In this episode, I speak again with Stephen Ngao and bring in Murray Williams as a follow on to our discussion about investor psychology, irrationality, and efficiency in markets. The meteoric rise of Bitcoin, Ether, and ICO’s in the cryptocurrency space is prompting many to draw parallels to the tech boom of the late 90’s and cry “bubble”. We debate whether this is a case of the boy who cried wolf or a legitimate cause for concern.

 

We touch on:

-the greater fool theory

-history as an analog for the future

-defining what a bubble is

-our verdicts on the current state of the cryptocurrency market

-the mid 2000’s housing bubble

 

Stephen Ngao is a Research Financial Analyst at the University of California San Francisco and Murray Williams is a former bond broker and fund manager.

 

Lastly, you can subscribe to The Post Money Plan podcast here.