Happy New Year, everyone! It’s 2024 if you can believe it! This year is poised to be a pivotal one for the crypto industry.
First and foremost: Hats off to Bloomberg Intelligence analyst Eric Balchunas for coining the term Cointucky Derby.
The spectacular rise in all assets — stocks, crypto, bonds, gold — continues. A portfolio of 60% stocks and 40% bonds is likely to post the best ever return from Nov. 1 to Dec. 31, going back to 1996. Solana has more than quadrupled in 3 months. All bulls rejoice.
In the past day, some of the creditors of the long-since-failed crypto exchange Mt. Gox received what even a year ago might have been considered an all-too-distant boon: repayment.
If you have worked in crypto long enough, you understand the exquisite pain of trying to describe what crypto is to newcomers.
