Market Musing of the Week
Paper money will soon be gone according to Elon Musk.
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.
And if Musk isn’t enough, there’s always hedge fund legend Paul Tudor Jones , who has nearly 2% of his fund in crypto assets.

Jeremy Epstein
Co-Chief Investment Officer, Crypto Futura Fund
Click here for the Crypto Futura Fund Investor Overview