Slowly…then Suddenly
While we’re all still trying to get our bearings in the post-Covid world, mainstream acceptance of crypto assets continues.
Why does this matter?
Two-and-a-half years ago, Chase CEO Jamie Dimon called Bitcoin a
“fraud.”
It would appear that he’s changed his mind.
And in a Harry Potter meets Tesla moment for Bitcoin…
Elon Musk
attempted
(sadly, unconvincingly) to convince Harry Potter author J.K. Rowling about the value of crypto assets, saying:
“...massive currency issuance by govt. central banks is making Bitcoin Internet money look solid by comparison.”
It’s
disappointing
Harry Potter isn’t all-in on Bitcoin and crypto-assets yet
.
Still, when it comes to understanding technology and high-potential value plays, Musk knows his stuff.
Jeremy Epstein
Co-Chief Investment Officer, Crypto Futura Fund