How Irrational Exuberance aligned Dot-Com and Crypto bubbles

How Irrational Exuberance aligned Dot-Com and Crypto bubbles.

Intro

“Irrational exuberance is the psychological basis of a speculative bubble. I define a speculative bubble as a situation in which news of price increases spurs investor enthusiasm, which spreads by psychological contagion from person to person, in the process amplifying stories that might justify the price increases, and bringing in a larger and larger class of investors who, despite doubts about the real value of an investment, are drawn to it partly by envy of others’ successes and partly through a gamblers’ excitement.” - https://en.wikipedia.org/wiki/Irrational_Exuberance_(book)

“And everybody says YATTA!