In the long term the market behaves rational. It might take some time, but - if he is right - odds are on his side.
A mid-term (3-7 years) of irrational behaviour in a market in not unusual. Some will benefit from it.
A mid-term (3-7 years) of irrational behaviour in a market in not unusual. Some will benefit from it.
How do you know the current behavior is irrational? We probably just don't know what kind of rationality is behind this.
What if it is not drive by the technical merits of blockchain, but still based on some rationality, we reject to agree with?