Crypto Boom

I’m trying to get my head around all the developments in Crypto. It’s incredibly exciting. I want to build on Ethereum, store wealth in Bitcoin and learn about all the exciting developments currently unfolding.

There is definitely FOMO that makes me want to get involved more. This all seems like an unrivaled opportunity.

FUD also comes in. Not so much when asset prices drop, but when I observe the madness of valuations. Value ascribed to NFTs and other tokens. Are these valuations propped up? And if so, by what? Has all the money printing in western societies led to an influx of capital seeking gains in Crypto? And if so, is Crypto the victim of an economic boom caused my new money? A boom followed by a bust, in a cycle described by the very Austrian Economists that are also the heroes of libertarian Crypto enthusiasts?

I don’t know the answer to these questions.

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