These Are the Goods


Between the end of 2019 and the first quarter of 2022, deposits at US banks rose by $5.40 trillion (By Marc Rubinstein)

From their sublime beginnings when Lord Satoshi first blessed the world with their teachings, his faithful have built many castles on top of dubious, crusty, and brittle foundations (By Arthur Hayes)

It is overvalued and underestimated (By Mario Gabriele)

For a category that already generates north of $200 billion in total revenue, roughly 30% annual growth is insane.  (By Packy McCormick)

Customer money keeps coming in, as deposits, but it doesn’t go out, as loans. (By Matt Levine)

The Great Financial Crisis was fifteen years ago but the PTSD from that era is permanent (By Josh Brown)


Draft day was rough (With Ryen Russillo and Greg Olsen)

Earnings down, no recession, equities higher. (With me, Josh, Carleton English, and Joe Fahmy)