Market in a bubble

Remember when about 110 years ago: when John Pierpont Morgan famously concluded that the market was in a bubble, and, was destined to go down when his shoeshine was talking to him about stocks? In 2021 Bitcoin and other cryptos had the exact same signs of exuberant excess throughout 2021:So many folks talked to me about starting “investing” in crypto as a side hustle. Check this chart when Bitcoin and the IPOs index peaked together in November of 2021.

Market in a bubble

Leave a Reply

Your email address will not be published. Required fields are marked *