Speculation has always had two engines. One is technology, which rearranges what is possible. The other is a strained political and monetary order, where the normal path no longer works for the average person. In the 2020s both are running at once. We trace four centuries of manias and map out who collects this time.
- The article argues that speculation is the dominant theme of the decade, driven by both technological advancements (AI) and a strained political/monetary order, creating a 'gap' that fuels betting.
- It analyzes historical manias, distinguishing between 'construction speculation' (technology-driven) and 'lottery speculation' (policy/monetary-driven), noting that current trends combine both.
- The author suggests 'owning the house' – the venues and infrastructure that facilitate speculation – is the most resilient investment strategy, as the objects of speculation will continuously rotate.
Topics: Institutional adoption, Integration with defi, Scalability, Asset manager initiatives, Rwa collateral lending, Market depth liquidity
Tags: #speculation #ai #crypto #venues #lotteryspeculation #constructionspeculation #robinhood #hyperliquid #eventcontracts #options
No comments:
Post a Comment