That’s what Matt Levine suggests some already-unimaginably-rich people are doing: Who Can Resist the Crypto Boom?


. . . There are endless profiles of people who have become billionaires by starting crypto exchanges, trading platforms, market makers, derivatives businesses, etc. (Meanwhile I have never read a profile of someone who became a billionaire by using crypto to solve any problem other than trading more crypto) . . .


(To read this article, you may need to shell out $1.99 — or $5.97 for three months — and then remember to call customer support to cancel if $34.99 a month for hizzoner, the unimaginably rich Mike Bloomberg, is not in your budget.)

Should we call the folks of whom Matt Levine writes cryptographers?

Cryptomaniacs?

I like the latter because it has a subliminal whiff of “klepto” . . . and in the long run, the folks getting unimaginably rich will not be those buying and selling crypto — a less-than-zero sum game — but, it seems, those who facilitate the trades.



To afford at least one year of Bloomberg, if you missed Monday’s “free $700” credit card deal (or it’s expired by the time you get ready to sign up, or $4,000 is more than you can sensibly cram into the first 3 months’ charges*), consider a free $500 that apparently requires “just” $2,000 in charges over the first 4 months.


*Oh, but for heaven’s sake!  It’s so easy to rack up a $4,000 charge the first day!  And yes, I am incorrigible.

 

 

Comments are closed.