Bitcoin's Lightning Network continues to grow faster than ever before, with two major growth catalysts looming on the horizon. Despite a decline in Bitcoin prices since May, Lightning Network nodes, channels, and network capacity are hitting all-time highs every day now, and Lightning Network applications are starting to get traction.
MicroStrategy's relentless Bitcoin buying campaign continued on Monday with the completion of their $500 million secured debt raise, and the announcement of an "at the market" stock offering for up to $1 billion. The proceeds of both raises will go towards buying Bitcoin, which could soak up 0.2% of
In 2010, Steven Johnson wrote a great book called 'Where Good Ideas Come From'. One chapter in particular explained how innovation is achieved by combining currently available resources to create new use cases. Johnson calls this phenomenon 'The Adjacent Possible'. I want to highlight it because I think it's the
Last week, Stan Druckenmiller published a Wall Street Journal op-ed titled 'The Fed Is Playing With Fire'. In it, he explained how the Federal Reserve's policy of continued asset purchases has "enabled financial market excesses" and is threatening America's global reserve currency status. I want to highlight a few important
In December 2017, Charlie Munger gave a speech at the University of Michigan's Ross School of Business. Bitcoin was trading near all-time highs, and naturally some of the conversation covered Charlie's hatred of Bitcoin. In his discussion there was a nugget of gold that I think is particularly relevant to