“Ponzi scheme” has become a byword for all manner of financial frauds and monetary scams. When a rapid six month collapse erased $2T (trillion) from crypto market capitalization in 2022, mainstream media outlets were quick to again label cryptocurrencies, including Bitcoin, Ponzi schemes. Writing in the Chinese People’s Daily online edition, Shan Zhiguang and He…
DNY59 Originally posted on April 02, 2024 By Erik Norland At A Glance After the Bank of Japan cut rates below zero in January 2016, the yen gained 10% against the U.S. dollar The recent hike in interest rates may end up further stimulating, instead of slowing, economic growth On March 18, the Bank of…
honglouwawa Prices reflect near perfection, yet today’s world is particularly imperfect and dangerous. 1) The U.S. Market Well, the U.S. is really enjoying itself, if you go by stock prices. A Shiller P/E of 34 (as of March 1st) is in the top 1% of history. Total profits (as a percent of almost anything) are…
From an economic standpoint, Jevon’s Paradox is arguably the foundation of the scaling road we have started walking down for Bitcoin. Pushing things off-chain is attempting to make the use of the scarce resource that blockspace is much more efficient to accommodate a materially larger user base than the blockchain can facilitate on its own….
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. If Recession, Then Not Inflation Last week, I wrote about the Fed Funds Futures curve, concluding…