Ben McKenzie
👤 SpeakerAppearances Over Time
Podcast Appearances
Because you can imagine a global pandemic.
Obviously, work is going to be hard for a lot of people.
They're not going to be able to do it.
So what happens if they don't work?
They don't earn money.
They don't spend money.
They hoard, and then the whole thing, it can just nosedive really, really fast.
Yeah.
So in the macro, they did the right thing in terms of keeping the economy from crashing.
But the result, one of the weird spillover effects, is all these people, but particularly young dudes, had money to...
Yeah, they're getting like $2,000 checks or whatever.
Right.
And they're sitting at home or in their apartments with their phones and they have nothing else to do.
So why not gamble on crypto?
And so crypto just goes nuts.
And so Dave says, I'm going to buy Bitcoin.
I'm like, Dave, I am not going to do that.
But what is it?
And he's like, it's a cryptocurrency.
This is in the doc.