More Momo in Crypto as Citi and Goldman Pile In (CAN, RIOT, ISWH, MARA)

As we have noted, the argument for or against Bitcoin comes down to future prospects for legitimacy as a currency system. The “store of value”, “speculative asset”, and “diversification” arguments are all second-order pathways contingent upon its ability to establish itself as a legitimate, mainstream medium of exchange with widespread network-effect legitimacy. But, ironically, that […]

Investors Eye Crypto Stocks as Bitcoin Explodes Higher (CAN, HVBTF, ISWH, SOS)

A piece out in the Wall Street Journal over the weekend included speculation that Bitcoin could be worth as much as $146,000 per coin. This would have appeared absurd just a few months ago, when it was trading around the $10k level. However, nowadays, it looks like a reasonable extrapolation from recent events, with the […]

Crypto Stocks Back on the Move (MARA, RIOT, ISWH, HVBTF)

In the Bitcoin rally that reached $20,000 in late 2017, there were many predictions as to why it was destined to surge much higher. But, alas, the pundits were wrong – their theories, proven outlandish. Then came the crash and long and arduous multi-year bear market. But the sun has risen once again on the […]