The Importance of Complexity in Crypto

There were still a lot of chasing returns. And then we got very conservative where people are saying, well, you know, we don't want any more than single digit volatility on an annual basis. That doesn't stop Wall Street from offering it. What's really interesting about the crypto space is they seem to remind me of the return chasing and being so far more comfortable with that extreme volatility than perhaps the generation or two before them because Bitcoin's taken multiple 50% drawdowns so far.

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