The founder of Barstool Sports and eccentric trader Dave Tailor became a guest of the latest podcast release by Anthony Pompliano. In August, Tailor made a short acquaintance with the world of cryptology, but together with the growth of correction that replaced it, he decided to leave it.
"Now I keep nothing in the crypt. Most of all I miss the memes, - said Tailor, confirming that at some stage his assets in bitcoin were $1.25 million - it's all one big scheme of Ponzi. It is no different from the stock market. Everyone will pamper his own. When you go in, your task is not to be the last.
He explained his decision to leave the cryptocurrency market by excessive price fluctuations, often for no apparent reason. "There is no explanation for why it is growing. I have no idea why it is growing or falling," added Tailor.
Pompliano suggested that the interlocutor should try to invest for a longer period of time, because otherwise short-term volatility will not allow the potential to open up. The tailor agreed to make another attempt, but did not name any specific terms. "I have a little liquidity. Everything is in investment," he explained.
Commenting on the Tailor's words, investor director Arie Paul noted that bitcoin refers to speculative assets, which include most of the exchange commodities, including copper, grain and gold, which distinguishes it from productive assets, but does not make a financial pyramid.
Analyst Willie Woo said that many startups in the early stages of development resemble bubbles and pyramids because they are not yet capable of showing real results. "The point is that they seem like pyramids until they become the new norm and change the world," he added.
"Oh, dear Dave, by your definition all listed assets are pyramids," Casa's technical director Jameson Lopp wrote.
Here you can listen his podcast:
