Almost Every Industry in the world is a Scam! with Dan Kelly and Omid Malekan
The James Altucher Show
James Altucher
4.6 • 2.7K Ratings
🗓️ 9 July 2022
⏱️ 31 minutes
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| 0:00.0 | This isn't your average business podcast and he's not your average host. |
| 0:06.8 | This is the James Altiger show. |
| 0:14.0 | Is it because Elon said he was going to accept Dogecoin? |
| 0:17.8 | No, I'm talking about you people about it this morning that everyone got bearish. |
| 0:24.7 | Like no one was expecting a rally. |
| 0:27.4 | At that point I was like maybe the path of least resistance was up. |
| 0:31.6 | And one of my friends was like, yeah, I'm in this like 100% crypto investing telegram |
| 0:37.5 | group and no one's talked about crypto investing for days. |
| 0:40.8 | There's been like a debate about religion. |
| 0:43.3 | Yeah. |
| 0:44.3 | I mean, I think the capitulation point was essentially everyone sort of universally |
| 0:50.2 | agreed that there's no actual use case for Bitcoin and Ethereum and all these coins. |
| 0:55.9 | And so and on top of that, there's all these liquidations of hedge funds were liquidating |
| 1:01.3 | and all this stuff. |
| 1:02.3 | So everybody's sold. |
| 1:03.8 | There was no anybody still holding is a believer now. |
| 1:07.0 | And there's probably just a flight to cash in general with the global market situation. |
| 1:11.8 | Not even. |
| 1:12.8 | But I think that's the going on for six months now. |
| 1:14.6 | Maybe. |
| 1:15.6 | Yeah. |
| 1:16.6 | Yeah, the liquidations were. |
... |
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