Bitcoin Versus Commodities — Two Observations About Money
Money or commodities is no good if you can’t spend it. Bitcoin is too volatile at the moment to be used as money. These two imperatives — preserving value but being able to sell quickly…
Money or commodities is no good if you can’t spend it. Bitcoin is too volatile at the moment to be used as money. These two imperatives — preserving value but being able to sell quickly…
Beginnings are often innocuous. Endings tend to be memorable. We’re going to talk about bull markets and bear market. A capital intensive, ‘Old Economy’ industry, battered by the pandemic and a new era of focus…
What price silver opens at depends on a lot of things. For one, the Reddit army is new and testing their own strength. Some of them are undoubtedly in it as speculators — wanting to…
With enough fuel — liquidity — it’s possible for non-profitable tech companies to go even higher. But losses can’t go to the moon, much less Mars.
Lockdowns may cost more lives than they save. This is important when weighing the total effect of a public health policy across all of the population.
Something big is happening. Tesla and bitcoin are two sides of the same coin. They are competing for the job of ‘poster boy’ for this crack-up boom phase of the market. The upshot of all…
And now we see the ultimate futility of lockdowns. A pandemic will spread until the virus finds no more hosts susceptible to it. The illusion of eradication was fuelled by our faith in technology. But…
What goes up eventually comes down. But in financial markets it’s not because of gravity. It’s because of a change in expectations. That change usually revolves around inflation…
Wyoming is being described as the ‘Delaware of digital assert law’. That’s not exactly a catchy slogan. And if you didn’t know Delaware has laws designed to make it easy to incorporate there, then it…
Some people argued that last week was a kind of passing of the monetary torch. An analog scarce asset (gold) was surpassed by a digital scarce asset (bitcoin). Both see the writing on the wall…