137 - The Psychology of Crypto with Morgan Housel

Morgan Housel is a Partner at the Collaborative Fund, a financial writer, and the New York Times Best Selling author of “The Psychology of Money.”
Sep 17, 20221 min read

Morgan is an avid student of markets and psychology. And Morgan articulately blends these two perspectives (and all of the many crypto parallels) together to give us timeless lessons on wealth, greed, happiness, and how to invest.

This is another classic Bankless fundamentals episode that you won’t want to miss.


0:00 Intro

4:49 Morgan’s Background

6:25 Crypto Investing Isn’t Unique

8:31 Psychology of Investing

15:22 Toxic Relationship with Money

22:14 Is it Bad to Talk About Money?

24:34 Nothing is Free in Crypto

34:05 How to Adapt to Volatility

39:45 No One is Crazy

45:52 Luck vs. Risk

51:38 Have Enough

55:25 Freedom

1:00:34 Compounding

1:04:24 Getting vs. Staying Wealthy

1:08:50 Reasonable vs. Rationale

1:13:28 People Change

1:15:33 Pessimism

1:19:33 Closing & Disclaimers


Morgan Housel on Twitter


The Psychology of Money: Timeless lessons on wealth, greed, and happiness


Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

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