Merrill Lynch Bans Trading In Bitcoin Fund
One step forward, two steps back. Or maybe five steps forward and one step back. Hell, it's hard to tell anymore.
Around 24 hours after Bitcoin enthusiasts learned that Peter Thiel is sitting on a giant position in the cryptocurrency worth hundreds of millions of dollars, Wall Street Journal - which broke the Thiel story - is out reporting that Merrill is blocking clients and advisors from buying Bitcoin.
Apparently, this is a new ban that also includes the Grayscale Investment Trust bitcoin
It’s sort of like being at a Jim Jones memorial and being offered a refreshing glass of cool aid. That is the necessity of someone having to tell you not to drink the damn cool aid.