In the video, you stated (paraphrasing here) "if anyone tells you they know what will happen, don't listen to them cause they have no clue." With that logic, why should we listen to your opinion that it is a bubble given that you just admitted you don't know what's going to happen?
Additionally, I watched your video about bitcoin being a bubble and the final conclusion seemed to be: if bitcoin is a bubble, then everything is a bubble. So if everything is a bubble, then what is the point of "being diversified across stocks, fixed income, crypto, etc." if it all is going to burst in the long run?
I'm not trying to paint you into a corner, I'm just curious if you could explain yourself better because some of these statements seem contradictory.
This is a far worse bubble than anything else by magnitude. And in almost any other asset class, there are many individual securities that are undervalued even if the broader asset class is overvalued. Hardly can say the same about cryptocurrencies given where they are currently from a development standpoint.
I listen to other people's opinions just to help build my own. I throw out the ones I don't see as valuable and put more weight in the ones that I do see as valuable. I suspect most people do the same. If I happen to have an opinion you want to throw out, that's fine - doesn't bother me. It's natural. So really there is no reason you SHOULD listen to me, it's just whether or not you want to based on what I present forth.
The way USD is losing purchase power and it's status as reserve currency, deflationary crypto doesn't seem like a bad way to diversify, even if the bubble is about to burst. The stock and debt bubble is about to go any moment anyways.
If inflation explodes like in the 1960's, crypto will replace gold as a good hedge this round.
I've often claimed that humanity is itself a bubble (in evolution and the ecosphere) but people have a hard time understanding what I mean, human awareness has more limits than its hubris.
So let's say that human economy is a bubble without intrinsic value. It's a process that turns natural resources (everything from crude oil to life forms including humans) into assets they haggle about and sell each other to gain higher status and property inside the human societal hierarchy.
There is NO intrinsic value in ANY of this, as you can easily prove while watching how rich societies always decline and the biosphere suffers very badly and is now actually facing extinction.
Still we are delusional enough to focus on detail questions about which asset is more real or valuable by making comparisons like "can we touch it or eat it?" to determine its intrinsic value. THERE IS NONE in things we cannot eat, and water beats that anytime. If"world economy" which is not world but only human economy, broke down I would not buy gold but stock our basement with vodka which would likely be a sought after trading item in breakdown times...
Why am I saying all this ? Because only petty human psychology determines the value of any asset, and as long as many agree crypto is a valuable alternative, and it is as long as the technology is working, it will be exactly that.
Pundits on this network as well as youtube, ae motivated by three things, a) money (they will not be the most successful elsewhere) b) influencing. Why people would want to influence others may have personal and other reasons,