This was an important conversation, thanks for hosting. My key takeaway is the word "risk." Businesses and investors analyze risks and make bets all the time. They also heavily discount the future. Crypto is the currency for lawbreaking. Today, a bet on continuing lawlessness is probably a good bet. Buying crypto is like buying a 10-year lawlessness bond. Financially, in the age of MAGA, that seems smart. There's zero evidence that regulation and enforcement are anywhere on the horizon. Every day, bets on the law seem riskier while bets on lawlessness seem safer. That's why crypto prices remain high.
This was an important conversation, thanks for hosting. My key takeaway is the word "risk." Businesses and investors analyze risks and make bets all the time. They also heavily discount the future. Crypto is the currency for lawbreaking. Today, a bet on continuing lawlessness is probably a good bet. Buying crypto is like buying a 10-year lawlessness bond. Financially, in the age of MAGA, that seems smart. There's zero evidence that regulation and enforcement are anywhere on the horizon. Every day, bets on the law seem riskier while bets on lawlessness seem safer. That's why crypto prices remain high.