Look, I'm a very optimistic guy, but the answer is no. There's absolutely no hope whatsoever.

I would bet so heavily that a hundred years from now we're going to have bubbles that

would look exactly like they did in 1999, exactly like they would have during the housing

bubble, like pick your bubble a hundred years from now, two hundred years from now, that's

going to be the case.

Welcome to Bankless, where we explore the frontier of internet money and internet finance.

This is how to get started, how to get better, how to front run the opportunity.

This is Ryan Sean Adams and I'm here with David Hoffman and we're here to help you become

more bankless. Guys, a lot has changed in crypto throughout the cycles, but some things haven't.

We're here to talk about the things that haven't changed. We've got timeless investing,

wisdom, applied to crypto from writer and investor Morgan Housel on today's episode.

A few different things you need to know for different parts of the cycle. We've got lessons

for the bear market, lessons for the bull market, and lessons for the apathy market a few

takeaways for you.

Number one, why the bear market was painful, necessary, and yet good. Number two, why those

that survived the bear market now have an advantage. Number three, how to manage your brain during

a bull market when things get frothy. Number four, how to actually be happy no matter how much

wealth you have. Number five, the traps that you're going to fall into during the bull

market unless you know how to spot them well in advance. Number six, optimism versus pessimism,

how to balance them to become a better investor. David, I could have been listed ten more

of these because I feel like the insights per minute on this episode today were absolutely

off the charts. We put in the title ten timeless lessons for crypto, but the truth is there's

...