Krugman quit the NYC (because you know why) and now that he’s unchained, he has turned into of the best writers I follow on substack. No more corporate politics from upstairs means Krugman is saying things which need to be said. (Keep in mind this warning shot about Bitcoin was published in December 2024, before anyone sussed why Musk named his imaginary power center DOGE - which lifted the price of DOGE coin in price and which Musk pumped on Xitter.)
Anyway, at one time I was a crypto enthusiast. And then I lost it all to scammers (most likely Billionaires with their hands superglued to whatever token’s spigot.)
Follow the money. Resist the Kakistocracy and Oligarchy.
p.s. The comments section on substack are the best. They remind me of what Motley Fool Discussion boards used to be like.
Perhaps it’s time to revisit this topic from a couple years ago?
As they say: “it hasn’t aged well”…
Paul might be % correct, and still be “wrong”.
So far, IMO, Paul is “wrong”.
I don’t invest based on “sin stock” allegations.
My goal is to own assets that increase in value.
My next comments are about BTC.
Only BTC.
IMO, the tailwinds are blowing BTC, specifically, to higher highs.
That’s my bias, WRT BTC.
Those Tailwinds include:
A US National Strategic BTC Reserve inches closer n closer.
6+ US States implementing BTC Reserve plans.
6+ foreign countries also implementing BTC Strategic Reserves.
Several public n private companies have acknowledged owning BTC Reserves.
The supply of BTC is (supposedly) finite.
Scarcity Theory suggests BTC will rise.
I put a small stake in Paul’s heart. Actually several small stakes: MSTR, MARA, CONY, MSTY.
I like how The Guardian calls people piling into Melania Coin “investors”.
The damned coin was invented out of thin air and released last Friday. Today, it is already “worth” Billions.
When Casino Capitalism blows up in the faces of the Cheetolini Cult and the Elon Fealty Cult, there will be no bailout for the dupes who “invested” in DOGE Coin, Trump Coin, Melania Coin, Solana, NFTs, ad infinitum.
The incoming US first lady, Melania Trump, has followed her husband’s lead by launching a multibillion-dollar cryptocurrency meme coin, fueling conflict of interest concerns as the new administration prepares to loosen regulation of the volatile and controversial assets.
“This may represent the single worst conflict of interest in the modern history of the presidency,” Norman Eisen, a former ethics adviser in the Obama administration, told the Washington Post. Trump has “the most profound conflict of interest” in the crypto space, he added, citing the fact he was “seeking to gain” and regulate the industry.
% correct, and still be “wrong”.
IMO
in the race.
