Journal of a Wayward Philosopher
Of Bitcoin, Bankers, and Tulip Bulbs
September 14, 2017
Hot Springs, VA
“At its core, bitcoin is a smart currency, designed by very forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions… all good things.” – Peter Diamandis
The S&P closed yesterday’s trading session at $2,498. Gold closed at $1,326 per ounce. Crude Oil closed at $49.34 per barrel. The 10-year Treasury rate closed at 2.20%. Bitcoin is trading around $3,616 per BTC today.
“I just want you to know that I actually like my Bitcoin shirt!”, wife Rachel said to me after reading my last journal entry.
“Have you worn it in public yet?”
Keeping with our Bitcoin theme, the honourable Jamie Dimon – CEO of JP Morgan Chase – shared his thoughts at an event hosted by Barclays this week:
“It’s worse than tulip bulbs. It won’t end well. Someone is going to get killed… it will blow up.” Continue reading “Of Bitcoin, Bankers, and Tulip Bulbs”