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

 

In this episode, I continue the discussion with Stephen Ngao and Murray Williams about the relationship between market bubbles and 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 go further into case studies of history where bubbles have occurred to see if true parallels to the present can be drawn.

 

We touch on:

-The Dot Com bubble

-Central bank contribution to bubbles

-The Chinese banking bubble

-The Roaring 1920’s bubble

-The South Sea bubble

-The Tulipmania bubble

-Bubbles being fueled by debt and the game of musical chairs

 

 

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.