In the NYT today, this Stanford professor argues the US is falling behind China by not issuing a CBDC

Opinion | We Really Want to Trust Crypto Interests With the Future of Money?

Washington shouldn’t trust Silicon Valley with the future of money.

I’m a huge Oregon fan but there’s also a Bitcoin metaphor in this photo.

GM

Bitcoin at $109K doesn’t worry me. Bitcoin at $99K wouldn’t worry me. Bitcoin at $59K wouldn’t worry me. I bought the top in 2021, rode it all the way down to $17K, where I bought more. I kept buying all the way up to where we are now. The more I learn, the more convicted I get. Bitcoin is the thing I am most optimistic about. Sorry, I know there’s already lots of posts like this but I don’t actually post enough about Bitcoin. If you’re fudding dips to $109, you should: 1. stop trading in and out of bitcoin 2. extend your time horizon

The last line of this John Oliver monologue is worth the buildup.

103 miles today