May 13, 2022·edited May 13, 2022Liked by Jeffrey Carter
Simple and poignant statement; “It is an iteration, not a revolution.” Gen Z are re-iterators, not innovators. From crypto to Netflix, it is as if younger people are afraid to step outside the lines, to do something bold and unprecedented. Maybe it is cancel culture and the fear that it breeds that you must always follow and get permission, otherwise you risk excommunication.
“I have confidence that crypto can figure it out.”
I wish I shared your confidence. From what I see, we have an entire generation raised literally to be followers. You have to first be a leader to have the independence to create, and that can be dangerous, or in a more timely language, it is not safe.
That startup conference email real deal group think jargon. Not an original thought to be had there. Diversity and inclusion, such bullshit. Sustainability, financial inclusion, haha. Do you get half off admission if you are trans? One would think entrepreneur events would have some original, out of the freaking box, thinking.
I agree with you that bitcoin has more pain left in the tank. When I got a spirited tutorial on crypto from the handyman I used to fix a fence last year, I knew a top was in. I also met a early 30's unemployed limo driver last year who was a "trading crypto for a living". Even if it does bounce hard at the 30k zone, the chart is busted.
You were spot on in December. I thought it would take another month or two for crypto to deflate, but it all makes sense. We've seen crypto rise, crash (as weed stocks were taking off), rise, crash (as money was pouring into meme stocks), rise and crash again. Where do you think crypto seller proceeds goes next? Sidelines or into beat up stocks with a more reasonable P/E?
Simple and poignant statement; “It is an iteration, not a revolution.” Gen Z are re-iterators, not innovators. From crypto to Netflix, it is as if younger people are afraid to step outside the lines, to do something bold and unprecedented. Maybe it is cancel culture and the fear that it breeds that you must always follow and get permission, otherwise you risk excommunication.
“I have confidence that crypto can figure it out.”
I wish I shared your confidence. From what I see, we have an entire generation raised literally to be followers. You have to first be a leader to have the independence to create, and that can be dangerous, or in a more timely language, it is not safe.
That startup conference email real deal group think jargon. Not an original thought to be had there. Diversity and inclusion, such bullshit. Sustainability, financial inclusion, haha. Do you get half off admission if you are trans? One would think entrepreneur events would have some original, out of the freaking box, thinking.
I agree with you that bitcoin has more pain left in the tank. When I got a spirited tutorial on crypto from the handyman I used to fix a fence last year, I knew a top was in. I also met a early 30's unemployed limo driver last year who was a "trading crypto for a living". Even if it does bounce hard at the 30k zone, the chart is busted.
Been enjoying your posts!
5/13/22 1145 AM CT Is today one of those STFR days? Certainly feels like it . . .
You were spot on in December. I thought it would take another month or two for crypto to deflate, but it all makes sense. We've seen crypto rise, crash (as weed stocks were taking off), rise, crash (as money was pouring into meme stocks), rise and crash again. Where do you think crypto seller proceeds goes next? Sidelines or into beat up stocks with a more reasonable P/E?
I suspect the WSJ is reading my stuff: https://www.wsj.com/articles/stocks-are-way-down-theyre-still-expensive-11652500809?mod=hp_lead_pos7