Many People Are Saying … Bitcoin is Art

The Bitcoin Is Art thesis that I put out back in 2015 (The Effete Rebellion of Bitcoin) and recently put forward again (In Praise of Bitcoin) is finding a lot traction recently in mainstream publications like Bloomberg and the Wall Street Journal. I don’t think I’ve ever started a Narrative snowball before … it’s a weird feeling!

They say imitation is the sincerest form of flattery. I guess.

Bitcoin Is a Lot Like the Art Market (Bloomberg 5/21/2021)

Both cryptocurrencies and contemporary art rely on scarcity and hype because they have no other real value — though crypto has less price control.

Bitcoin Is More Modern Art or Religion Than Money (Bloomberg 5/21/2021)

Like a shark suspended in formaldehyde, it has value only if we believe it does.

Yes, Bitcoin Is Useless. Many Will Say: So What? (WSJ 5/24/2021)

Cryptocurrencies may ultimately have no intrinsic value, but humanity’s love for useless things means they aren’t necessarily worth nothing.

— Ben Hunt | May 24, 2021 | 7:10 pm

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The Daily Zeitgeist

ET Zeitgeist: Raccoons Never Sleep

By Ben Hunt | May 28, 2021 | 5 Comments

Lemonade (LMND) isn’t just an insurance company. No, no … they’re an AI Company! ™.

Plus Chamath is up to his old tricks.

I hate raccoons.

Inflation as Ad Campaign

By Ben Hunt | May 24, 2021 | 0 Comments

An ET Pack member sent me this. Anyone else come across ads that directly call out inflation expectations? Would love to collect more screenshots like…

Why Am I Reading This Now?

By Ben Hunt | May 24, 2021 | 1 Comment

Pack member Rob H. brought this up at last week’s Office Hours, and it deserves its own thread (as well as some attention from The…

The Zeitgeist | 1.29.2019

By Rusty Guinn | January 29, 2019 | 0 Comments

Food and retailing are top of mind (and…bullish?), trade continues to dominate content and commentary, and a hero rides in to protect the Lu Ann Platter.

The Zeitgeist | 1.28.2019

By Rusty Guinn | January 28, 2019 | 0 Comments

Oil falls, gas bounces, banks are buoyed. It’s apparently a weird gravity metaphor grab-bag on a Monday Zeitgeist.

The Zeitgeist | 1.25.2019

By Rusty Guinn | January 25, 2019 | 0 Comments

Billionaire penthouses, vertical integration in cannabis, non-musical music power, and a shifting tone in tech.

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