Youtube hearted comments of (@ThePlainBagel).

  1. Patrick's dressed like he's attending a funeral - not sure if its for institutional investors or comedy on his channel. Nonetheless, thank you Patrick for taking this all seriously and explaining things in terms of bananas so we could better understand the situation.👍
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  2. 13.3M like smashes, will your hunger never be satiated!? I actually really appreciate your thoughts here; it was refreshing to hear a big finance personality not predicting where bitcoin was going to go in the future. I still struggle with bitcoin being both a "currency" and an "investment" like you touched on (seems sort of paradoxical when traditional economics argues that depreciation/inflation don't matter once things have adjusted) but perhaps I'm too old school to understand. Nonetheless, could use more of these cautionary videos on YouTube!
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  3. It's funny, there are a lot of similarities in terms of supply when it comes to housing and oil. Home constructions were booming leading up to the 2008 crisis, and then as defaults rose, new supply crashed as businesses were spooked out of the area. Oil basically experienced the same thing; just before the pandemic, shale oil companies flooded the market, caused prices to fall, spooked companies out of increasing production, and since then supply has been really constrained. Even with oil at $100 a barrel, companies are really reluctant to add more capacity; it seems investors are slow to forget past pain. There are obviously fundamental differences between the sectors (housing has a brighter future than oil), but seeing the housing construction chart made me think of the comparison. Really good video Graham, a lot of interesting data all nicely tied together. Well done!
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  4. I was curious to see if any creators had commented to defend such sponsorships, glad to see them siding against it! Great video Brandon, and thanks for the mention: would definitely like to see less of this sort of activity going on in our space.
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  5. I appreciate the corrections around the new currencies being discussed - definitely an oversight on the part of my own video. To clarify, I make no attempt to predict whether the US will become MORE or LESS prominent in global trade (certainly, the trend points to a slow increase in alternatives to the US dollar), nor do I attempt to ascertain what SHOULD happen globally (all the power to economies to take more control over their finances). I do, however, argue that the trend is likely to be more moderate than many are suggesting, and similarly highlight that such a trend does not ensure the collapse of the US dollar within our lifetime - the video was targeted at the alarmist videos looking to spin this trend into a bull case for gold/bitcoin (something I'm sure we'd both agree is a little predatory). Time will tell what happens - I don't put much stock into predictions, so happy to concede if we DO see rapid de-dollarization. Thanks for the well-thought-out contribution to the conversation. 👍
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