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Nov 18, 2020

Today on the Brief:

  • Tesla to join S&P 500
  • Airbnb files for IPO 
  • The Mooch wants crypto 

Our main discussion: HODL FOMO vs. Speculative FOMO.

The 2017-2018 bull run was driven by ICO mania and a relentless get-richism that was nothing if not short-term. As bitcoin passes $17,000 and questions of looming all-time highs start to make their way into mainstream press, it is a very new set of actors and a new set of thinking that is driving this movement.