A gentleman would invariably say nothing — yet since I’m now the purveyor of a paid Substack, I guess sharing my most truthful and honest thoughts is part of what the subscribers are paying for. So yeah, today was big.
It’s even reflected in the charts. Bitcoin was on a frolic back toward goblin town, then Yahoo! and a number of other big legacy outlets covered the Coindesk report that BlackRock is working to file a Bitcoin ETF in the coming days or weeks. Upon the news percolating, you can see the chart gets a kind of adrenaline pen injection, and now we are back in psychotically elated crypto bro town — a more desirable cousin of bear market goblin town — although both have their benefits, if you’re a spectator or journalist watching or covering the spectacle.
Keep reading with a 7-day free trial
Subscribe to David Seaman's Deep to keep reading this post and get 7 days of free access to the full post archives.