Economist explains the two futures of crypto | Tyler Cowen

Economist Tyler Cowen confirms there are good reasons to be crypto-skeptical.

Cryptocurrency is truly a new idea, and it's rare for society to encounter fundamentally new ideas.

Cryptocurrency is well positioned to serve a crucial financial and transactional role as a globalized internet grows to include more of our lives.

Crypto enthusiasts espouse grand plans that do not sound realistic, while crypto skeptics fail to appreciate the revolutionary nature of the technology.

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About Tyler Cowen:
Tyler is the Holbert L. Harris Chair of Economics at George Mason University and serves as chairman and general director of the Mercatus Center at George Mason University. He is co-author of the popular economics blog Marginal Revolution and co-founder of the online educational platform Marginal Revolution University.

Tyler also writes a column for Bloomberg View, and he has contributed to The Wall Street Journal and Money. In 2011, Bloomberg Businessweek profiled Tyler as “America’s Hottest Economist” after his e-book, The Great Stagnation, appeared twice on The New York Times e-book bestseller list.

He graduated from George Mason University with a bachelor's degree in economics and earned a Ph.D. in economics from Harvard University. He also runs a podcast series called Conversations with Tyler. His latest book Talent: How to Identify Energizers, Creatives and Winners Around the World is co-authored with venture capitalist Daniel Gross.

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Read more of our stories on cryptocurrency:
Behind the crypto hype is an ideology of social change
Inside the crypto black markets of Argentina
Cryptocurrency and the “greater fool” theory of economics

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[tonysilke]

It's been quite a pump. But you know, with crypto, the big question is always when to take profits. What are your thoughts on that? I've been holding $250k worth of crypto since 2021 and seen it pump n dump

[vforvendetta]

The issue I have found with crypto is that people are not using it as an alternative currency. They are holding onto it and waiting for its value to go up(more people to pump their money into it). It has become a victim of human greed. If anything it shows the true nature of this world, in that many people do not want a better world, they want whatever makes "them" more comfortable, even if it's at the expense of the society they live in.

[chrischarlton]

Hey guys, I'm looking to invest but I don't know anything about the market. Any help? As well who can I reach out to?

[baileymclean]

Buy ETH. Ethereum network is proof along with the whitepaper for BTC/ETH stating them as the gold and silver of crypto. Its in the whitepaper and new ppl don't get it. Buy ETH if BTC is too expensive for you bc both are going to be the main stores of value in the coming decades. Only 21M BTC and 121M ETH. 6:1 ratio. Keep stacking. BTC, ETH, LTC are the big-3 historically.

[charleskaren]

If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.

[bryanseamans]

You know you could work for 40yrs to have $1M in your retirement, meanwhile some people are putting thousands of dollars in a meme coin and now they are multimillionaires.

[Gkin]

I'd rather have money influenced by human greed than manipulated by governments and central banks.

[Helfriedbittner]

Great video and very straightforward. I don't see any other perfect time for one to invest in crypto and trade than now. I don’t think that buy and hold is a valid investment strategy anymore but trading is worth it and you make more money when you trade correctly. just made my first $100, 000 in crypto and I barely know how to express how happy and excited I am right now. Its all about knowing what strategy to apply and when.

[rjona]

Im old enough to remember paper use to be how information is transmitted. You send letter by post, you take notes using a pen on a notebook, you get a paper bill and when you pay you get a paper reciept. I started my career entering information from paper to computer, thinking it would take decades to convert everything from paper to digital form and even then you still need to print it out to show to people. Now decades later, everything is digital except cash. I have moved to several countries, and moving cash is cumbersome, dangerous and expensive. This is where crypto will change everything

[parkadeigogaming]

Thanks Tyler for all your work in mru courses that allowed me and my whole class in Belgium to get a general introduction to economics 😁

[AntonioBianh]

If you're new to the market, I recommend seeking professional assistance. The most effective approach to building a solid portfolio is to begin by enlisting the expertise of an experienced professional who has extensive knowledge of the dynamic and profitable market.

[patrickodea]

When I played Runescape in high school, this same trend happened with the grand exchange. The same pump and dump scams happened in the game that is happening with crypto.

[blessingpaul]

I began my investment journey at the age of 27, primarily through hard work and dedication. I am to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity...

[michaelmehaan]

As an upcoming forex and Bitcoin trader I totally understand the gravity of the knowledge you are trying to pass across, thanks for the info,

[brianssecret]

Kenya is always top of mind, question is how do we as Kenyans utilize this fact.

[james.atkins]

Speaking from experience in the crypto world i don't think as a trader it would be easy for you to predict the market currently, only an expert with several years of experience could help you grow your portfolio currently. After the last year crash i had to result to the help of an advisor.

[calvinthestormfreak]

Almost every single crypto is cheaper to transact with right now for overseas and or country to country. It’s just how secure is it and the risk of volatility of the “asset”

[michealhill]

Successful people don't become that way overnight. What most people see at a glance wealth, a great career, purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life

[lucaspoteet]

Wish this was 20 minutes long. Great video :)

[NickNorton-xcvy]

PLEASE HELP ME. MY TRADING IS COSTING ME MONEY. WHAT'S THE SOLUTION?