Jon Quast

In fact, you don't even make the choice.

They make it for you.

And so we're seeing a lot of that.

And it just it blows my mind.

It's incomprehensible to me that there's still so much leverage in the Bitcoin market.

I just don't understand it.

If you want to use Bitcoin as a peer-to-peer way to buy and sell things, by all means, go ahead.

If you want to invest in Bitcoin, I'm happy for you.

If you're one of these people who believes that Bitcoin is the future and the U.S.

dollar is going to zero and you want to put everything you have, every excess dollar into Bitcoin, I can understand that perspective.

It doesn't matter if it's cryptocurrency, stocks, whatever it is, usually investing with borrowed money is a bad idea.

Because even if you're right with your long-term forecast, you can be 100% right.

But if you're wrong in the short term, it can wipe you out when you use leverage.

And so I think it's just something that needs to be avoided altogether.

I agree with that.

I have it written down here exactly like that in my notes.

It's up to Altman to decide what legacy he wants to leave.

He will be remembered.

The jury is out on how he will be remembered.

What is so interesting about Altman is that AIs existed before him.