Video · 5:03January 20, 2026
The Anatomy of a Bubble, in 5 Minutes
Every financial bubble follows the same five stages. We break them down using examples from crypto, meme stocks, and NFTs.
Show notes
What you will learn
The five stages of a financial bubble (Minsky model), how each stage manifested in the 2021 crypto cycle, and the warning signs to watch for in any market.
Key points
- The stages: displacement, boom, euphoria, profit-taking, panic
- Why bubbles feel rational from the inside
- The role of social proof and FOMO in amplifying each stage
Related glossary terms
Related reading
bubblesinvestinghistorymacro