Part 12/14:
The importance of understanding the underlying technology and market structure is emphasized. The speaker notes that meaningful value creation will favor projects and assets with enduring utility and scarcity, like Bitcoin, over speculative coins or art-based NFTs.
Practical Advice for Investors
Amidst the complexity, a practical stance emerges: for most individuals, maintaining a significant cash reserve (10-30%) provides financial flexibility and protection against volatility. Long-term holding is favored over short-term trading, especially in an environment where derivatives and institutional trading dominate.