Bitcoin > Gold.

Happy Thursday, Blockfolians

The Lede

There are a whoooole lotta folks out there changing their tune on bitcoin. While some goldbugs (we won’t mention names) will never leave their precious metal behind, others are having a change of heart.

Take for example perma gold bull Jeffrey Gundlach:

We’ve also had folks like world’s biggest asset manager Blackrock say they’re “dabbling” in bitcoin. We don’t quite have Gates yet, but it’s still a lot better than a little while ago when he said he would short it if he could (which, by the way, he could).

As Dan says:


Highly Relevant Reading


Community Commentary

Nic sums up the frustration of many watching today’s hearings around Gamestop
Open futures interest is screaming

A Really Big Number We Should Be Paying Attention To

$77B

That’s the implied valuation of Coinbase based on secondary market share sales


Final Thought

He’s not wrong.