It all started when Mrugakshee and I were climbing in a rock gym. Where we are, masks are mandatory to stop the spread of COVID-19. In order to spread the good gospel of Bitcoin, we bought masks with the Bitcoin symbol on them. Mine (Keegan) is the Pink Floyd album cover with light refracting through it, and Mruga's is the good ole orange Bitcoin ₿. Much to Mruga's surprise, when we went to the cashier, he asked "What does the B stand for". This took Mruga aback a bit. She then presented me with a question, which become the theme for episode 33.
Are we In a Bubble?
This question may be interpreted in a couple of ways. The first, is when you feel alienated from the rest of the world. The second meaning, is a financial bubble, where the price of something is worth far more than the intrinsic value of the asset, stock, or commodity. In this episode of the podcast, we answer this question from both perspectives, while exploring additional topics.
The First Bubble in History
Did you know the first financial bubble in history occurred in the 1600's? In Amsterdam (Home to the first stock market in the world), tulips (yes the flower) of all things was the first thing to become inflated in price. One tulip was going for approximately $750,000 in todays value. This bubble came to be known as "Tulip Mania" and went on to be studies by economists, and psychologists for centuries. Why did people spend higher and higher amounts of money for tulips of all things? The answers may surprise you, but they're rooted in speculation, scarcity, and plain old greed. How much of what is going on in today's world of Bitcoin maps onto Tulip Mania? Tune in to find out.
MicroStrategy Case Study
Keegan and Mrugakshee have put together a case study for businesses and individuals to consume. The study focuses on one company in particular, MicroStrategy. If you've been tuning into the podcast, we've talked about MicroStrategy a couple of times already. They're the company that purchased $425 million worth of Bitcoin earlier in 2020. This case study examines why the company adopted such a strategy, and the prospects of businesses both big and small doing the same. The case study is set to be released within the first week of December. Sign up for the Go Full Crypto newsletter in order to get the case study as soon as its released.
The Go Full Crypto Vision
We want to help people opt-into the world of cryptocurrency, one dollar at a time. In order to do this, people must need a reason. They need their own "why" behind discarding their government currency for the world currency of the future. Go Full Crypto is putting out content to help people discover the reason why they want to get involved in cryptocurrency.
Download Episode 33- Are we in a Bubble?
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BTC - 1H3mLLktD8hhaZCKfVKrgF2fRSYYbnsptC
ETH/ERC20 - 0x7E51bd8BBb9B85A477F3244a29290E2F579A2bAa
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