I listened to part of it. He used the words: "It's high risk. I'm not recommending you do it".
It was the very first question that came in, he suggested if you have 400/500 a month spare to invest monthly, to put €420 in equities (he advises the Zurich dynamic fund) and 80 into bitcoin.
Of course I missed that! He addressed crypto again later where he covered all the regulatory bits. I know who Paul is, so was surprised to hear he's be recommending it without all the regulatory warnings.
There's just a little bit of a disconnect between the tweet, and what's actually written in the article:
My hero. He has said it all before and I luv it every time. He effectively calls Musk a crook, that takes courage. That idiot in the corner laughing at Roubini only reinforced the message.
No, he was laughing at him as he would watching a performing clown. Afterall, this is the genius that wrote bitcoin off at $13 and every point in between. That was the whole point of the exercise. It's a bit naughty of Coindesk to roll out this jester in order to illicit a certain response as part of the launch of Coindesk TV. Nouriel can be a filthy animal and make 'cocaine addict' jibes all day long - it only reflects poorly on himself as someone who lacks a modicum of class. We're talking about the views of a gravy-train academic who has built nothing against those who have built innovative companies.
You're probably a young sort and don't remember the '80s when inflation was 15% and after tax deposit rates were maybe 4%. Depositors never had it so good as today.
The return has been insane so far. Take a risk, it's going over 100k. Get in, take your profits as you go and play with the houses money. Best performing asset class the last 10 years by a mile.
Not at all, Willie Mullins had a 5,000/1 five timer last Sunday. 5,000/1 in one day! As much entitlement to be called an asset class as a digital entry signifying nothing.