Bitcoin: Would Nietzsche Approve?

Welcome to the age of corporate socialism, where “we” socialize losses but privatize gains. In the words of David Cay Jonson, “Companies that have failed in the marketplace stick the taxpayers with their losses,” yet “when they make money they get to keep it.” This is not a bug; it’s […]

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100,000 Bitcoin Options Contracts Set to Expire

“29JAN, the monster expiry, will be the biggest expiry Deribit has seen to date!” So said the bitcoin and ethereum derivatives trading platform, further adding: “A whopping ~100,000 bitcoin contracts will expire, with a notional value of $3.1 billion.” The trading platform has seen surging volumes this month as traders […]

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MicroStrategy Buys $10 Million Bitcoin

MicroStrategy bought the dip, with the publicly traded US company just announcing today: “On January 22, 2021, MicroStrategy Incorporated (the “Company”) announced that it had purchased approximately 314 bitcoins for $10.0 million in cash in accordance with its Treasury Reserve Policy, at an average price of approximately $31,808 per bitcoin, […]

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