Get Ready For 2025 To Be A Year Of Bubbles And Frauds
It’s feeling like 2021 again — be careful with your money
(Not intended to be investment advice. Opinions are strictly my own.)
2021 was one of the most interesting financial years I’ve experienced. It was the year where all the money that got printed in 2020 during COVID just hit the economy like a firehose. Everything worth collecting (and many things not worth collecting) rose massively in price — Rolexes, luxury handbags, basketball cards, sneakers, Pokemon cards, Picasso paintings, etc.
A big reason that all these things jumped in price simultaneously was the crypto and meme stock bubbles that were in full bloom at the same time.
As froth and FOMO pushed the prices of things like Dogecoin and GameStop to unfathomable heights, investors started moving some of their profits from paper into reality. Flush with cash, they bought sports cars, wine, watches, jewelry, collectibles. This kicked off a string of bubbles — for example at its height a Rolex submariner that cost $10K at retail could be sold in the secondary market for $18K, a hefty and instantaneous 80% markup.
There was this frantic and mad rush to make fast money in crypto, meme stocks, and options and then to convert that money just as fast into…
