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- Does Crypto Belong In A Museum
Does Crypto Belong In A Museum
Culture Moves Quickly
CONSUME:
Went to the Metropolitan Museum of Art recently. I do not fancy myself much of a museum fan, but it’s certainly something to do when I travel to check off the list, I mean who doesn’t want to stand on line at The Louvre for 2 hours…?
I’ll admit, the idea of being a museum aficionado has a heavy dose of cultural prestige. To be a familiar with the great artists and works that are referred to in textbooks indicates a level of cache I imagine carries some weight.
Well the reality of our day at the met was far from high brow. It was absolutely packed, waiting on a long line with kids (NYC residents can pay what you want, but you have to wait on a dreadfully long line and then show your ID), moving from packed exhibit to packed exhibit trying to corral toddlers who want to practice running while abruptly stopping to try touch everything under the watchful eyes of security guards, long bathroom lines and of course the mind numbing regret of forgetting to pack adult snacks and debating if it’s worth it to pay $20 for a mediocre sandwich at the cafe or wait until you leave the museum and indulge in a cheaper alternative. Yep, it was a wonderful day of museum-ing in the city.
All told, it was an ok day, glad we were able to spend an otherwise ho-hum Saturday with some culture.
OUTPUT:
I sold over 90% of my crypto. I bought it during the mad rush in 2021 / 2022. All my fellow bankers were thrilled compliance didn't care about our crypto purchases, very much unlike stocks which are an annoying big non-no.
Perhaps I naively thought I'd get rich on Ether going to the moon or that Elon's SNL appearance would boost my Dogecoin, but the truth of the matter is I had no knowledge of crypto. I just had FOMO and money to burn, so I joined the hype. Some investment banks set up crypto teams, NFT was frequently referenced in pitch decks and earnings calls and of course how could we forget the swift rise and fall of SBF - ick.
Culture moves so quickly and I wanted to be part of the hype, but 2.5 years later I realize I should just cut my losses and take my $4K and invest it into something that I truly own and adds value. So while I build a micro empire, I'll reminisce about the time I bought NFT's from a vending machine.
Oh and to be clear, I still have $400 sitting in my Coinbase account eagerly awaiting the next crypto rally.