Panic with friends (74) - with Balaji Srinivasan

One of the things I've been thinking a lot about with the recent COVID-19 stuff is that our dashboards for society are wrong. Rather than the stock market being the expression of our country's economic health, it should be something like a histogram showing the net worth of all Americans.

In the US, ~90-92% of [COVID-19] deaths and 70-75% of hospitalizations are for people over age 50. In both the US and UK, ~20-25% of hospitalizations occur in people under age 50.

Tens of millions of people are using crypto exchanges. Just like the internet turned everybody into publishers, crypto is turning everybody into investors.