Quote:
Originally Posted by John Mercier
You mistake being more conservative for being less sophisticated.
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Great point. Pretty much everything about cryptocurrency, NFTs, and meme stocks flies in the face of finance theory and should cause sophisticated investors deep confusion and discomfort.
Do you really trust an anonymous black box such as Bitcoin with your life savings? Is one digital file that is indistinguishable from another digital file really worth more, simply because you have an NFT that shows the first file was created first? Do you really think that Game Stop is worth 10X what the professionals believe?