At Rubicon Crypto, we talk a lot about having rational
exuberance when it comes to both our own philosophy and how we encourage others
to approach this new and exciting blockchain, cryptocurrency and digital asset
industry. Perhaps it's about time then that we share the backstory to how that
phrase became such a big part of our culture at Rubicon. First off, let's take
a moment and give credit where credit is due by going all the way back to 1996
and (re)acquainting you with then Federal Reserve Chairman, Alan Greenspan.
Greenspan's tenure coincided with the emergence of both the dedicated financial
news media industry as we have come to know it, the 24/7 news cycle and a then
unprecedented bull market. In December
of that year, he was speaking to an assembly of prominent economists and
financial leaders and was quoted for the first time as saying that the market
seemed to have an "irrational exuberance" with respect to both its bullish
performance and investor behavior being exhibited. The phrase immediately became the defining
sound-byte of his long run as Fed Chairman and obviously resonated with some of
us here.
Exuberance:
Irrational v. Rational
Simply put, we at Rubicon Crypto believe that we are in the
midst of an extended period of irrational exuberance within the cryptocurrency
and digital asset space. One that's focused too much on the hype, too much on
the glitz, too much on the fear of missing out, too much on the short-term and
far, far too much on the seemingly endless parade of dubious "influencers" and
talking heads. Our philosophy, and the
approach that we encourage, is that you should
have excitement about this new generation of incredible technologists that are
reimagining the world in a digital way. You should
have excitement about all the use cases that are rethinking legacy businesses
and disrupting them from top to bottom. You should
have excitement about new ways to think about currency and finance that are
being defined by this industry. In other familiar words…rational exuberance.
At Rubicon Crypto, we believe that when you combine a strong foundation of rational exuberance with professional management, asset allocation, and a common sense understanding of your personal risk tolerance and time horizon, you have the ideal success formula for investors to participate in this exciting new industry.