“How long can number go up” - the day the gov stops printing money and respects honest economics 👍- at some level crypto has value, at the same time, it’s complicated, I probably know too much about economics. My comment serves to say you guys produce good content, thanks for continuing to do what you (The Compound) does, it’s fun to listen to you, and the guests, talk about business. Business is fun, business is good, people helping people is good.
Proof of work vs Proof of stake. If you don't knownthe difference or the implications you will always fear the the boogie man that is "bitcoin II or bitcoin III"
Love to see the continued bearishness. “Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria”. BTC has a long way to go
I recently sold half my tech stock holdings due to all-time highs, leaving me with $400k. Should I invest in ETFs now or wait for a market correction considering potential inflation?
"Dumb Money" extracting ealue via Crypto games is financial nihilism, but Hedge funds and sophisticated market participants extracting value from "dumb money" by any means necessary is fine? Ok, got it.
2 10 20 years from now Josh Brown will still be saying the same thing and bitcoin will be at $5 million a coin. The same way he was saying it when it was only $5000.
Truth. A whole lot of people do not understand Bitcoin. Present pod host and guest included. And to the guests point about how difficult and boring banking and finance are, Not really. Scarcity, fungibility, immutability , divisibility, portability are not difficult concepts. Nor are the concepts of deception, dilution, division, or debt( monetized). Finally, let's not obsess over " number go up" ...why not " number go down" as in the number of goods and services a USD will purchase over time. Would have been fun if the guest included with each historical quote, the actual purchasing power of a dollar today versus at the time of the quote. Nothing lasts forever, fellas. Nothing stays the same. Keep studying. Love all the Compound output. Great content, as always!
@@glennmotto-c2v The 'Book of Satoshi' is strong :) but I agree with Soros that it makes sense to rush in along with the frenzy; just know how/when you're going get out.
Most of the print coming from the fiscal side. On the monetary side the Fed is actually trying to play Hawk. But it is all folly. To print or not to print is no longer a viable choice. Printer on, until we transition to a sound money solution. Period. End of story. And the fed will fight sound money to the death. Sound money ends the central banks. In a hot second, poof, they all in the breadline. Many, many more people understand the fiat ponzi scheme with each and every passing hour. As an old fart, I quite relish being witness to the scrum. Soon, the great lie will be rendered un sellable. The monetary system will look very different in 10 years. Or less.
It's funny to watch you guys talking down bitcoin and its investors as if they're dumb, yet you failed to mention the 2007 great financial collapse of traditional finance and all the bagholders of that time.
Several years ago when someone mentioned BTC to me, I felt it was a scam but I was willing to look into it; attended several crypto workshops hosted by intelligent people but I simply cannot get my head around it (then and today). Back then it skyrocketed to 20k/BTC...then collapsed to 4k/BTC and today it's around 93k/BTC. At the end, I figure that it makes sense to set aside a meaningful amount (otherwise it's not worthwhile) that is small enough that I won't be upset if I lost it. There are big money involved both from wealthy investors and institutions that's keeping crypto/BTC/ETH/solano legit. So...why not with $20-$25k ??!!!
Innovation happens fast. Legacy systems die slow. The arb is always running a zigzag pattern between. But Bitcoins institutional adoption was the closest thing to a mathematical certainty in a lifetime. I ain't no crypto bro. At all. But I sure as hell was banging on the door on 1/11/24. Biases must be conquered, or else one risks retiring with a bag full of EastmanKodak and GE.
Nice. Chat GPT described this as: "Wozniak looking fellow who uses background plant to look funny and formula on whiteboard to look smart while interviewing Kevin James about crypto bubble"
Lots of meme stocks in robotics and quantum but some of them will be winners in 20 or 30 years. I suppose it was similar between investing in Microsoft or Microhard in the 80s.
"Money chases trailing returns" The justification for buying apple for last 3 years....basically a utility stock growth, with a buy back.....most overvalued stock in market
You guys really need to bring on someone who truly understands the space. Yes, 99% of crypto is vapourware, but there is also very smart people building very interesting products. The comment about people not understanding bitcoin doesnt hold a lot of water imo, it's just a medium of exchange. I think of it as a better version of Gold and yet gold has a market cap of over 18 Trillion
Terrific. So often I think about some of these issues, listen to talking head and just hope my portfolio ( with minimal exposure to bitcoin product) doesnt collapse in old age. When hearing the crypto bro talk to interviewers with a kind of madness in his eyes spinning scenarios, I think, as one of Seth Meyer's comedics says "WHAT". Recently he said precious metal would become useless, I'm thinkin, duh go to any transmission facility in any industry, low tech high tech etc and see how much previous metal is used straight up or with alloys.
I guess i need to research more. My literacy with the US central banking system and brics seems just as bad as bitcoin. The influences and lobbying behind the decision to print money and devalue it i still don't understand. I don't like how few people can decide to print crazy amounts of money in a short period of time then boom the value of my money is that much worst. In the tech world we have a general philosophy, doing something the same way for a long time doesn't justify it as being a continued correct process.
Top of the market is acting as an anchor. The top 10-15 names in the index aren’t actually egregiously valued when you account for their moat, margins and the fact they’re accounting for a large part of the markets growth lol Sure there’s some stupidity and speculation happening, but bubbles are forming around the bottom
Minute 27: they make the cognitive dissonance argument. Yes, as Leon Festinger points out many in a group double down after a failed prophecy. But also finds the group does not survive multiple failed prophecies. BTC at 100k and 15+ years later still living; is it rubbish that will fail? Where does the label of cognitive dissonance rightly apply? Those who believe in the utility of btc or those who don’t?
Tell me you missed ≤$10K BTC in '20, ≤$20K BTC in '21, ≤$16K BTC in '22, ≤$28K BTC in '23 and ≤$52K BTC in '24 without telling me you missed it. I mean $16K was one of the easier ones. No brainer 6x. From here it'll take $600k for that. See you back here 2026, same Bit Time, same Bit Channel. 🫡 PS. That being said, bryptos are some of the worst, most toxic, cringe inducing incels since D&D in the 90s. Nevertheless, as an investor I'd argue it's more irresponsible NOT to take on one of these trades and get some level of exposure in line w your risk profile, than it is risky to avoid them all together. Cheers
Josh thought all meme stocks are valued at $5B and GME is half of that, at 2.5B. GameStop is $13B and profitable. Keep calling it a meme stock, but it has $4.5B in cash and Q4 will make be very profitable (and profitable for the year). Not saying $13B is justified, but eventually you can’t call a profitable company a meme stock. If fartcoin can be $1B and doge $50B, let GME be $13B lol, at least it has cash and profits
Downtown Josh Brown. All day, All long.
My word. Owen Lamont is an absolute beast. Great special episode here. This man needs to be on an upcoming TCAF like I need whiskey at a recital!
wow this was legendary interview. thanks Josh!
Thank you for bringing us this discussion guys. Always a treat when an unexpected Compound show is released.
Downtown JB. No BS, explains things so everyone can understand
Interesting guest. Many good points made
“How long can number go up” - the day the gov stops printing money and respects honest economics 👍- at some level crypto has value, at the same time, it’s complicated, I probably know too much about economics. My comment serves to say you guys produce good content, thanks for continuing to do what you (The Compound) does, it’s fun to listen to you, and the guests, talk about business. Business is fun, business is good, people helping people is good.
The only bad thing about this episode is that its being released JUST as I was planning on going to bed!
Keeep it up guys, love your content! 💖💖😎😎
Thank you, Josh and Owen.
Great convo. Enjoyed
Wow! One of your very best Josh. Well done sir!
Great listen for a Bitcoin faithful like myself.
Proof of work vs Proof of stake. If you don't knownthe difference or the implications you will always fear the the boogie man that is "bitcoin II or bitcoin III"
Thank you
We’ve also had BTC II and III with BTC Cash and BS Vision
@@anothername2730 And which one is the longest chain with the most proof of work?
Put another way: "And that's why this time really IS different!"
I love how he cant stop talking about Bitcoin, thanks sir!
@carpenoctom So we have a tad further to go this cycle, Josh? 😅
Owen was great. need to have him on TCAF at some point
We call you folks “future buyers”
40 minutes of shiting on crypto bros... music to my ears.
Arguably the bigger bubble is in AI right now.
Josh was great on cnbc this morning the voice of reason
Love to see the continued bearishness. “Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria”. BTC has a long way to go
Smart Investing Made Simple: Bitcoin as a Key to Retirement Planning....
Many new tra-ders face challenges without proper guidance. I found success by learning from James Clark's expertise.
I recently sold half my tech stock holdings due to all-time highs, leaving me with $400k. Should I invest in ETFs now or wait for a market correction considering potential inflation?
"Dumb Money" extracting ealue via Crypto games is financial nihilism, but Hedge funds and sophisticated market participants extracting value from "dumb money" by any means necessary is fine? Ok, got it.
Exactly why they fear change. The old game working pretty good for them.
Re: BTC with Josh and his guest:
"When the student is ready, the teacher will come."
2 10 20 years from now Josh Brown will still be saying the same thing and bitcoin will be at $5 million a coin. The same way he was saying it when it was only $5000.
So buy nothing since everything is a bubble?
Bubble confirmed ✅ thxs yall
Love this guy! He should have studied advanced math and the network effect at MIT. Guys like him only help Bitcoin. Put him on with Fred Krueger 🙏
Truth. A whole lot of people do not understand Bitcoin. Present pod host and guest included. And to the guests point about how difficult and boring banking and finance are, Not really. Scarcity, fungibility, immutability , divisibility, portability are not difficult concepts. Nor are the concepts of deception, dilution, division, or debt( monetized). Finally, let's not obsess over " number go up" ...why not " number go down" as in the number of goods and services a USD will purchase over time. Would have been fun if the guest included with each historical quote, the actual purchasing power of a dollar today versus at the time of the quote. Nothing lasts forever, fellas. Nothing stays the same. Keep studying. Love all the Compound output. Great content, as always!
you don't understand finance 101
@@glennmotto-c2v The 'Book of Satoshi' is strong :) but I agree with Soros that it makes sense to rush in along with the frenzy; just know how/when you're going get out.
"Owen Lamont" is an anagram for "No To Lawmen", "Wanton Mole", "Mewl At Noon", or if you prefer, "Male Wonton". o/
Bitcoin
Two boomers that don't know shit about bitcoin try to tell us we are all wrong about bitcoin.
Around @34:00 can we agree that if the Fed would stop printing Trillions of dollars, it would have a huge affect on the Stock Market?
Most of the print coming from the fiscal side. On the monetary side the Fed is actually trying to play Hawk. But it is all folly. To print or not to print is no longer a viable choice. Printer on, until we transition to a sound money solution. Period. End of story.
And the fed will fight sound money to the death. Sound money ends the central banks. In a hot second, poof, they all in the breadline. Many, many more people understand the fiat ponzi scheme with each and every passing hour. As an old fart, I quite relish being witness to the scrum. Soon, the great lie will be rendered un sellable. The monetary system will look very different in 10 years. Or less.
It's funny to watch you guys talking down bitcoin and its investors as if they're dumb, yet you failed to mention the 2007 great financial collapse of traditional finance and all the bagholders of that time.
Frustrating thing with bitcoin bros is they say you don’t understand it and they do (bc they are making the money).
Several years ago when someone mentioned BTC to me, I felt it was a scam but I was willing to look into it; attended several crypto workshops hosted by intelligent people but I simply cannot get my head around it (then and today). Back then it skyrocketed to 20k/BTC...then collapsed to 4k/BTC and today it's around 93k/BTC. At the end, I figure that it makes sense to set aside a meaningful amount (otherwise it's not worthwhile) that is small enough that I won't be upset if I lost it. There are big money involved both from wealthy investors and institutions that's keeping crypto/BTC/ETH/solano legit. So...why not with $20-$25k ??!!!
Innovation happens fast. Legacy systems die slow.
The arb is always running a zigzag pattern between.
But Bitcoins institutional adoption was the closest thing to a mathematical certainty in a lifetime. I ain't no crypto bro. At all. But I sure as hell was banging on the door on 1/11/24. Biases must be conquered, or else one risks retiring with a bag full of EastmanKodak and GE.
Apparently it's like surgery!
definition of no-coiner cope
Nice. Chat GPT described this as: "Wozniak looking fellow who uses background plant to look funny and formula on whiteboard to look smart while interviewing Kevin James about crypto bubble"
excellent, thank you so much
Josh was bullish in the morning now the market is on the verge of a bubble .
Not the first time he has contradicted himself .
Malcolm Gladwell in "The Tipping Point" has a relevance in this discussion (I think?)
Time stamps please
Lots of meme stocks in robotics and quantum but some of them will be winners in 20 or 30 years. I suppose it was similar between investing in Microsoft or Microhard in the 80s.
Bitcoin is the exact opposite of nihilism. The bubble narrative is tired.
I usually wouldn’t comment on copers but this the Compound- one of my top 3 favorite UA-cam channels. Don’t platform this guy anymore please.
This time is different!
A little uninformed on the BTC.
"Money chases trailing returns" The justification for buying apple for last 3 years....basically a utility stock growth, with a buy back.....most overvalued stock in market
Owen "T.E. Lawrence" Lamont over here.
You guys really need to bring on someone who truly understands the space. Yes, 99% of crypto is vapourware, but there is also very smart people building very interesting products. The comment about people not understanding bitcoin doesnt hold a lot of water imo, it's just a medium of exchange. I think of it as a better version of Gold and yet gold has a market cap of over 18 Trillion
That's Veblen Good, learned one
If only there was a limited asset that could only be created by a cosmic event like collision of neutron stars, instead of a software programmer.
Veblen Good named after economist Thorstein Veblen
Terrific. So often I think about some of these issues, listen to talking head and just hope my portfolio ( with minimal exposure to bitcoin product) doesnt collapse in old age. When hearing the crypto bro talk to interviewers with a kind of madness in his eyes spinning scenarios, I think, as one of Seth Meyer's comedics says "WHAT". Recently he said precious metal would become useless, I'm thinkin, duh go to any transmission facility in any industry, low tech high tech etc and see how much previous metal is used straight up or with alloys.
Boring. At least challenge the guy on one of his points, or have someone on who can.
thx 📈🇺🇸
Everyone Loading the Tech Sector Dips. ?? Thumbs Up video/ comments. Thanks
cope harder…you could make same or similar arguments about any asset.
good stuff
33:10 ”what could stop number from going up? In this case FTX blowing up” FTX blowing up was almost exactly the bottom for BTC,.
The firm started in 1986… and survived
I guess i need to research more. My literacy with the US central banking system and brics seems just as bad as bitcoin. The influences and lobbying behind the decision to print money and devalue it i still don't understand. I don't like how few people can decide to print crazy amounts of money in a short period of time then boom the value of my money is that much worst. In the tech world we have a general philosophy, doing something the same way for a long time doesn't justify it as being a continued correct process.
I agree with your paragraph statement. Your last sentence epitomizes INTC...and is the showcase for madness. Do you agree ?
So profound 33:08
Steve blockchain is here not going nowhere 🎉
Top of the market is acting as an anchor. The top 10-15 names in the index aren’t actually egregiously valued when you account for their moat, margins and the fact they’re accounting for a large part of the markets growth lol Sure there’s some stupidity and speculation happening, but bubbles are forming around the bottom
How many years of being wrong about bitcoin will it take for people to change their mind?
"Living on the Compound" was a poor turn of phrase Josh lmao
1st like🎉🎉🎉🎉
Minute 27: they make the cognitive dissonance argument. Yes, as Leon Festinger points out many in a group double down after a failed prophecy. But also finds the group does not survive multiple failed prophecies. BTC at 100k and 15+ years later still living; is it rubbish that will fail? Where does the label of cognitive dissonance rightly apply? Those who believe in the utility of btc or those who don’t?
Unapologetic crypto bro destruction during this episode. Love this.
Tell me you missed ≤$10K BTC in '20, ≤$20K BTC in '21, ≤$16K BTC in '22, ≤$28K BTC in '23 and ≤$52K BTC in '24 without telling me you missed it.
I mean $16K was one of the easier ones. No brainer 6x. From here it'll take $600k for that.
See you back here 2026, same Bit Time, same Bit Channel. 🫡
PS. That being said, bryptos are some of the worst, most toxic, cringe inducing incels since D&D in the 90s.
Nevertheless, as an investor I'd argue it's more irresponsible NOT to take on one of these trades and get some level of exposure in line w your risk profile, than it is risky to avoid them all together.
Cheers
Josh obviously doesn’t own any bitcoin. Lol
thereformedbroker.com/2017/07/18/i-bought-my-first-bitcoin/ 🤷
Josh thought all meme stocks are valued at $5B and GME is half of that, at 2.5B.
GameStop is $13B and profitable. Keep calling it a meme stock, but it has $4.5B in cash and Q4 will make be very profitable (and profitable for the year).
Not saying $13B is justified, but eventually you can’t call a profitable company a meme stock.
If fartcoin can be $1B and doge $50B, let GME be $13B lol, at least it has cash and profits
BTC and MSTR to the moon 🚀🚀🚀🚀
Absolutely
Rocket go up; rocket go down.