Cryptocurrencies

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The Cover Curse Hits Bitcoin

Nov 13, 2022 1 min read

Bloomberg BusinessWeek "asked the finest finance writer around, Matt Levine of Bloomberg Opinion, to write a cover-to-cover issue" of the magazine, "something a single author has done only one other time in the magazine’s 93-year history." The resulting article is a well balanced guide to the crypto world. It is dated October 25. The BusinessWeek article also once again demonstrates the curse of the front

Ed Yardeni

Cryptocurrencies Are Digital Tulips

Nov 9, 2022 1 min read

Stocks sold off today partly as a result of the turmoil in cryptocurrencies markets. It was a risk-off day. Here is what I wrote in our May 11, 2021 Morning Briefing about this asset class: "I had been thinking of cryptocurrencies as 'digital tulips,' reminiscent of the 17th century tulip mania in Amsterdam that drove up tulip prices beyond reason. The difference is that cryptocurrencies are traded

Ed Yardeni