Revisiting Crypto and Meme Stocks

Bitcoin was supposed to be unrelated to the stock market, act as a hedge against inflation, and serve as a currency for private transactions. Maybe, it’s just a volatile store of value. Is that so bad?

James Surowiecki is an editor at The Yale Review, a regular contributor to The Atlantic, and author of “The Wisdom of Crowds”. Motley Fool co-founder and Chief Rule Breaker David Gardner caught up with Surowiecki on his podcast, Rule Breaker Investing. This show is a cut of their conversation.

They discuss:

- Lessons from Bitcoin’s past boom, and its place as cryptocurrency’s “top dog”
- The correlation between crypto and tech stocks
- One company that’s tied its fate to the success of Bitcoin
- Meme stocks from the lens of cash flow investing

Tickers mentioned: BTC, ETH, MSTR, GME

This episode is just part of an interview aired on the Rule Breaker Investing podcast. You can listen to the entire conversation here.

Host: Mary Long
Guests: David Gardner, James Surowiecki
Engineer: Rick Engdahl
Producer: Ricky Mulvey