(Usage herein unless otherwise noted: bitcoin = bitcoin; crypto = everything else) A lot of people think crypto is worth something.A lot of people think bitcoin is worth something.Most people in each community think fiat currency has major problems. And they all believe in the cross fungibility of cryptocurrency and fiat. Which is why they…
There was a lot of fanfare made recently over an investment note from JPMorgan Chase which seemed to elevate bitcoin over real estate and other traditional asset classes as the “alternative asset of choice.” A May 25 investor note made the argument that bitcoin was around 28% undervalued and that the bank was targeting an upside price of around…
In a particular deli store in South Melbourne, a tongue-and-cheek message is attached to the cash register. “Bitcoin accepted there,” it proclaims brightly. Naturally, it is nothing of the sort, a teasing ruse for the punters and those casting an eye in the direction of the store. Cold hard cash remains king, albeit one with a…
Last week both Martin Armstrong and Alistair MacLeod wrote about the changes to the Basel III rules and how they will greatly affect the physical and paper gold markets if implemented in their current form. MacLeod’s article from last week is an excellent primer on the definitions and inner workings of the rules, the gold…
With apologies to R.E.M. and a song and album I’ve never liked — though I love R.E.M. pre-Bill Berry retirement — I ask the question this morning of you, dear readers, how out of phase (and tune) you feel with what’s going on in the bitcoin markets right now? Because I don’t feel out of…
The big worry among the bitcoin perma-bears is the threat of government ‘making it illegal.’ The latest bogeyman on this front is none other than U.S. Treasury Secretary Steve Mnuchin. Rumors float that he’s considering outlawing ‘self-custody wallets,’ in effect confiscating the private keys of everyone’s cryptos. In a Twitter-thread, the chief executive [of Coinbase…
