I had conceived of this article as a Ted talk. Maybe one day, if I’m lucky.
For now, I’m publishing it here. It’s something that I’ve been thinking about for a while and I feel compelled to put it out there. Somebody needs to say it — why not me?
On September 22, 2021, US regulator Gary Gensler told college kids that passive investments can consistently earn a safe 8% return over the next 45 years.
I remember when they told me to buy a house so I’d have financial security. One year later, the housing market…
Bitcoin’s price dropped 24% in the past two weeks, including 19% in one day. It dropped 50% over the course of one week in May. It’s in the middle of a drop right now, as I post this article.
Crashes are nothing new, nothing special, just bitcoin being bitcoin, but…
Yesterday, Crypto Twitter passed along a bizarre anti-bitcoin op-ed and US Senators took turns bashing crypto at a Congressional hearing.
Over the past several months, we’ve seen headlines about China’s miners, US crypto laws, Coinbase Lend, Uniswap, Tether, fraud, fines, and bear markets.
Elon Musk called Dogecoin a…
Within days, bitcoin’s trading chart will print a golden cross. It may have already happened by the time you read this article.
What’s a golden cross?
A golden cross happens when bitcoin’s 50-day moving average goes above its 200-day moving average on a price chart. …
Seems like the price of almost everything keeps going up.
That’s nothing new. Today’s governments try their damndest to make it so. Usually, they do a pretty good job and people generally carry on without a fuss.
In Europe, prices are rising faster than they have since 2016…
Looks like US regulators started to investigate Uniswap.
Not sure. As best I can tell, US regulators asked Uniswap to tell them how it works, how they market it, and what people do with it.
While that’s a good place to start an enforcement action, let’s not get…
Lots of people say bitcoin’s dead.
In some ways, they have a point. Its price chart looks like shit, everybody expects the bottom to fall out, and its on-chain data has only just started to shift to positive (but not much).
At the same time, the only signs of a…
Some people keep talking about a bitcoin bear market.
Not just because the definitions of “bear market” change from person to person and depend on arbitrary charting patterns and semantic contortions, but also because we have not seen a market cycle peak.
At least, not a peak that…