All those wanting to link Bitcoin to crime will tell you two names: Silk Road and Mt. Gox. The former, Silk Road, was a darknet website setup by Ross Ulbricht which allowed for the illegal sale of substances on the internet, and Bitcoin was used as its currency.The latter, Mt. Gox, was for a long […]
Although I have never liked his (true) statement that Europeans takes too many holidays to be reliant for a Californian tech startup, he is still a Silicon Valley legend who earns my respect. The man authored the fantastic Zero to One, co-founded PayPal with Elon Musk, made the first venture capital investment in Facebook and […]
Classic finance can rely on mainstream media to shout its message from the rooftops (see GameStop versus Wall Street and CNBC’s relationship with the latter as example) while crypto counts on social media to get its message across.This is mostly due to a difference in generational supporters.Crypto is mainly supported by millennials, Gen-Z and the […]
According to several market commentators, the respective investments by ARK into Tesla and Bitcoin, and those by Tesla into Bitcoin (whose link we discussed last week already) bring with it a serious domino effect risk for stock markets given ARK’s size.The fall of either Bitcoin or Tesla could stumble the other two. Some are convinced […]
Bitcoin followed up it’s worst week since March (it traded near $58k last Sunday) with a somewhat subdued weekend where the most popular cryptocurrency traded near the $46k mark and looked like it was waiting to see how stock markets will trade after a selloff for tech.Ethereum, which last week touched $2,000, lost more than […]
Just before the pandemic hit, British prime minister Boris Johnson gave a lot of interviews on his hobbies, in particular the weird habit he had of painting boxes to look like buses. The story quickly went viral and by now, if you type into the search engine Boris Johnson buses, you will less likely be […]
As said this week when we discussed a possible 51% attack on Bitcoin by authoritarian states, the interest in the US for Bitcoin mining as a new industry type is heating up. With lots of empty factories and abundant electricity (whether green or not) at hand, new American companies are getting into crypto mining.Earlier this week, […]
Gil Scott Heron wrote a poem back in 1970 which became the anthem of a generation. As the US sent more and more youngsters to Vietnam, his poem turned into a song that captured the spirit of standing up to the establishment. It was called:The revolution will not be televised.To understand how scared classic finance […]
A remarkable sight in the CoinMarketCap Top 10 yesterday was met with and abundance of memes both on Reddit and Twitter. For most of the trading session, as Bitcoin fell to $46,000 and Ethereum rested on a $1,600 level, Cardano seemed to be the only one able to stay in the green (Tether is excluded […]
About a month or so ago, when the WallstreetBets saga started to unfold and Bitcoin broke through $40k, Scott Melker (Wolf of All Streets) launched a discussion on YouTube with several known crypto influencers. One of them was Sam Bankman-Fried, who at that point I had never heard of.I must admit that he was clearly […]
