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Bitcoin ‘Bleed-Over’
Bitcoin was in the news again Monday. Unfortunately.
A couple of days ago, as a reply to the latest
Reminds me of the incisive analysis I got from a Kuwaiti banker in August 1982 as to why to over leveraged local OTC market was tanking: “The buyers are still on vacation.”
The potential removal of MSTR from some of the major equity indices is also adding to the selloff.
Western governments are in desperate need of tax revenues. They will have an increasing need to tax assets of the wealthiest – which means that they have to know what assets their citizens have.
I have the same attitude with my modest crypto holdings – $1 or $1mil – like Forever Stamps! I do regret having attached a modest curiosity to bitcoin when first learning about it shortly after its obscure introduction around the deprhs of the GFC…But never putting a dollar into it for a decade or so. In 2009 i was too busy racking up the best (%.) gains of my investing life in mostly Chinese company nano-cap reverse merger deals. Definitely picked the wrong pony to stay with then!
A few years ago I got involved with a friend valuing some of those self-same Chinese nano-merger deals. I go pretty good at it for a while.
“got”