On Reflexivity and Mimicry: What Tesla, Bitcoin and DeFi Have in Common

Note: The original author is Matti. In this article, he uses reflexivity theory to explain the phenomenon of "speculation is eating the world," which is also what's happening with Tesla, Bitcoin, and DeFi. "Speculation is eating the world." This article is an exploration of current markets and valuations. In the first part, we use Occam's razor principle to show how soft money unleashes reflexivity, and the principle that "minds tell markets how to operate, markets tell minds what is desirable."