New York City is an infuriating tangle of bridges, tunnels and highways, because Robert Moses was unfamiliar with the concept of induced demand.
What if the fight that started for ungovernable money has become something much bigger?
Markets traded dutifully lower on Wednesday after Chair Powell told us not to expect a rate cut in March — rate cuts are good, so no rate cut must be bad, right?
That eternal question is front of mind again following yesterday’s huge airdrop of JUP tokens to users of Jupiter, a decentralized exchange on Solana.
Hotelling's Law is mathematician Harald Hotelling’s observation that, in business, there’s a natural tendency for competitors to converge on a middle ground.
The response I get when people ask what I do for a living is a function of the price of bitcoin: at $60,000 I got a lot of interested follow-up questions; at $20,000 I got a lot of pitying looks.
A page-turning novel remains the highest possible form of art, in my opinion — still better than movies, TV, TikTok, music and even sports (unless your team always wins).
The ETF approvals come as the SEC pursues a multi-front strategy of crypto oversight and rule-changing.
Is Buffett correct about surprises?
Spot ETFs have been net sellers of Bitcoin in four of the last five trading sessions with flows into the new ETFs being more than offset by flows out of GBTC (and maybe Coinbase and Canadian ETFs, too).
Losing money in crypto is more anxiety-inducing than losing money in stocks.
Crypto currently has three use cases: Store of value (Bitcoin), retail eurodollars (stablecoins) and speculation (everything else).
