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Why The Yuppie Elite Dismiss Bitcoin — Citadel21

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Exasperated with our conversation, I asked bluntly, “what do you think the probability is that Bitcoin hits $1M per coin?” Without hesitation, my friend replied: “0.001%.” I laughed and said I put it at 80%. I asked if, after thousands of hours of research on my part, maybe there was some information asymmetry? He quipped, “or maybe self-motivated beliefs.” That’s Dan. He’s one of my good friends from business school. He got a 780 on his GMAT and is almost always the smartest man in the room. We both worked at one of the elite management consulting firms before attending one of the elite MBA programs, followed by returning to elite job opportunities in the most desirable cities in America. My B-school friend group is full of Dans - the kids who ran the gauntlet of achievement-obsessed America and cleared the highest bar every time it rose higher. The consummate yuppie elite. Yet they are all resistant to Bitcoin. It has become a topic of frustrated fascination for me. My oth

Why The Yuppie Elite Dismiss Bitcoin by Croesus | Aug. 21st, 2020 | vol.5 Exasperated with our conversation, I asked bluntly, “ what do you think the probability is that Bitcoin hits $1M per coin? ” Without hesitation, my friend replied: “ 0.001%. ” I laughed and said I put it at 80%. I asked if, after thousands of hours of research on my part, maybe there was some information asymmetry? He quipped, “or maybe self-motivated beliefs.” That’s Dan. He’s one of my good friends from business school. He got a 780 on his GMAT and is almost always the smartest man in the room. We both worked at one of

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