Search Results for: bitcoin

“This is a true, crazy mini-bubble of its own I expect – it has certainly passed my ‘nephew test’ of his obsessing about buying or not.”

It applies “to all accounts and precludes the firm’s roughly 17,000 advisers from pitching bitcoin-related investments [and from] executing client requests to trade GBTC.”

You should be fine as long as the risk factors don’t stretch into the triple digits.

While we’re all just making shit up, let’s go ahead and opt to have our salaries paid in Bitcoin, ok?

You can make of that what you will, but…

“I don’t think it’s going to be a bubble that’s just going to burst and everyone is going to lose their money, but”…

Uh-oh.

Here’s a chart that shows you the history of Bitcoin crashes…

“I didn’t want to have to deal with the schizophrenic emotional side of it.”

So is this the end? Have we seen “peak crypto”? 

And when “presented” with that opportunity in an environment where trading revenues are drying up, you can bet the whales and squids are going to come knocking demanding their “fair” share of the action.

It seems entirely reasonable to posit that some of those employees either leaked the information, traded at arm’s length through someone else’s accounts, or both.

Not to put too fine a point on it, but this gets more insane literally by the minute.