can’t remember the post but you mentioned russell napier recently and your respect for him, as well as disagreeing on btc. good point you made about communication flow that is vastly different from prior periods and may assist btc in the challenges russell offers. case in point may be right in front of us. chanos and others screaming loudly of an AI bubble. is it? sure, probably. begging for a govt backstop isn’t a great sign. those that want to get out now are likely influenced by big minds sounding the alarm on the bubble through social media. this will accelerate. and it was not possible in the late 90s and prior bubbles. it also works both ways. the bubble screamers could very well be replaced by btc screamers when the peanut butter hits the fan. and when it does, you will have gen alpha - the cohort growing up on roblox and other digitally native worlds (i see a 7 yr old interact w these w these platforms w savant-like fluidity every day) leading the charge. skeptics do not want to be offsides in that world.