How Bitcoin Investors Lied to Themselves to Justify Prices

The video discusses the concept of cash earnings used during the dot-com bubble to justify high valuations, drawing parallels to Bitcoin's valuation challenges. It highlights the difficulty in finding intrinsic value in Bitcoin, similar to past market bubbles. The discussion extends to current market volatility, emphasizing the noise and confusion it creates. The video concludes by identifying blockchain technology as having intrinsic value, unlike Bitcoin, due to its practical applications.

What was the term used in the late 90s to justify the high valuations of many dot-com companies?

• Cash earnings

• Intrinsic worth

• Market cap

• Net income

Which company is mentioned as an example of a dot-com that experienced a massive rise and fall in value?

• eBay

• Google

• Amazon

• Yahoo

What is a common challenge in a volatile market according to the transcript?

• Increasing market share

• Reducing operational costs

• Identifying clear signals

• Finding new investors

What does the speaker suggest holds intrinsic value in the realm of cryptocurrency?

• Cryptocurrency exchanges

• Bitcoin

• Ethereum

• Blockchain technology

Why does the speaker believe blockchain has intrinsic value?

• It is a popular investment

• It is endorsed by major banks

• It is a tool with various applications

• It has a high market price