Bubbles can take a very long time to pop.
Former Federal Reserve Chair Alan Greenspan gave his famous “irrational exuberance” speech about stocks on Dec. 5, 1996.
But the Nasdaq didn’t hit its dot-com peak until March 2000.
“Greatest economy ever”
“Just buy calls”
And they’re right!!! All you care about is having money, no one gives a fuck about how you got it, as long as it’s legal.
“Profits are skyrocketing!!” It’s ok if all youve done is raise the price. It’s ok if now Doritos has a subscription fee.
You’re poor if you say otherwise. “I got mine, I don’t give a fuck how I got it”.
Rinse, repeat.
I believe the quantum is doing what is being done in cs2 with the skins, just on the larger margin. Someone owns a lot of these dumb shares and is selling them way above the current price, while someone is constantly buying at those prices and raising the overall price of the stock. Not sustainable, but we’ll see how high it can go.
Financial payment systems secured by blockchain, Tokenized assets; real estate, private equity, bonds, art, etc. leverage it with asset backed loans, pay for things at a few stores, market places, etc.
It’s funnt bc everyone assumes this is about stock value bc they care about that but for Lisa Su this is about becoming adopted as a mainstream AI solution and putting questions on whether they could reach even 10% market share in the dust