In his recent quarterly earnings call, Coinbase CEO Brian Armstrong said, “Ironically… I’ve never been more bullish on where we are as a company.”
He said that in the midst of a cryptocurrency free-fall. Coinbase stock dropped 60% in five days.
Armstrong even admitted that he’s anticipating a so-called “crypto winter.” But he is confident that the company can survive it by making good use of its $7 billion balance sheet and by “hiring talent and acquiring companies.”
Maybe. I don’t think the cryptocurrency industry is over yet. There will likely be upticks in the future. But given the existential threat that cryptocurrencies pose to all governments that print fiat currencies, I’m betting they will become, in my lifetime, a thing of the past.
And I just saw this little news item:
New York Senate Passes Moratorium on Bitcoin Mining
As promised, I’ve spent a fair amount of time this week researching the question I asked on Tuesday: Do gun control policies reduce gun-related deaths? What I discovered is that most of what one is likely to…
Corporate spending on private jets for CEOs and board members in the US hit a 10-year high in 2021, per Financial Times. Meta led the pack, and was the only tech company in the top five. As a group, S&P…
An unmarked white bus pulled up to an empty park in New Jersey in the wee hours of the morning. Out came about 50 recently arrived migrants. They had no idea where they were and no place to sleep that night…
Two years ago, in preparation for an essay I never wrote, I was researching a scary spike in gang rapes that occurred in Sweden from 2000 to 2020. From data compiled between 2000 and about 2015, one could see…
Thanks to a perfect storm of Fed-directed low interest rates, rising crime, and escalating taxes in states like New York, New Jersey, and California, property values in Florida and Texas are surging. Along the…
