That is definitely the quote. A lot of parallels when reading that. A lesson to ensure we don’t make sure the same fate for freedom money, as the information-superhighway or hype-intelligence is showing. Time will tell if it can be avoided for the majority.
To me what is telling, is the sheer quantity (or lack thereof) of ‘bubble’ companies. Firms creating mindless valuations out of thin air. Perhaps you could say that happens in the casino-rypto industry, but we’ve hardly seen that with bitcoin. Sound fundamentals, sound growth and sound business to date.
This is because Bitcoin companies know they have to outperform bitcoin long-term, as do the people who invest in them. You don't get many bubble companies when your cost of capital is effectively 50-100%
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