Spencer Jakab

speaker

981 appearances 14 recordings 1 series first heard Jul 2017 last heard Jun 2021

Spencer Jakab’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

No recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.

Appearances

newest first · ▶ plays the moment

WSJ Your Money Briefing · Bitcoin: Bubble, Or No Bubble? · 17 Dec 2018 podcast

And the thing is that people who are real big believers in the wealth, I guess, not even so much the blockchain, but the wealth that can be still gained from cryptocurrency... voice-verified

always pointed out that, well, there were lots of crashes. voice-verified

It wasn't even the worst crash. voice-verified

I think this is now almost on par with the worst previous crash. voice-verified

But there have been lots of peaks and valleys in a very long-term ascent for the values of these cryptocurrencies. voice-verified

And so why isn't this just like another one, you know, that the road isn't kind of an upward sloping ascent forever? voice-verified

Yeah, the person I spoke with, and I read his book some years ago, apparently it's coming out in a new edition. voice-verified

I think it's a really good framework for understanding bubbles generally, Vikram Mancharamani. voice-verified

And he, it's called Boom Bustology. voice-verified

He has certain hard criteria for deciding if something is a bubble. voice-verified

And, you know, you can scoff at an academic saying, this is a bubble, this isn't a bubble. voice-verified

You know, what does he know? voice-verified

Doesn't have skin in the game. voice-verified

He did something very interesting, which is back in March 2017, when it had just crossed $1,000. voice-verified

This is up from, you know, 20 cents back in 2010. voice-verified

He said, no, I disagree. voice-verified

I don't think that this really meets the criteria, even though it's up by a million percent or more. voice-verified

And I'm going to buy some and see what happens. voice-verified

And he wound up buying then and then selling most of it near the top in December 2017, which is good for him. voice-verified

But it also shows some conviction in the criteria that he has. voice-verified

Showing 521–540 of 981 · page 27 of 50