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segunda-feira, 6 de maio de 2019

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From The Editor

The Munger Games



Dear Crypto Friends,


We are not in a bear market any longer.

No matter what the prices say, do not believe for one second that the proclamations of Bitcoin-denouncing people like Warren Buffet are accidentally-timed.

In fact, the reappearance of Buffet and his ilk should be an indication that corporations like Berkshire Hathaway and JPMorgan have failed to crush Bitcoin.

Bitcoin is alive and well, which is why you hear sentiments like this from Charlie Munger, the Vice Chairman of Buffet's empire: he said that Bitcoin investors gather to "celebrate the life and work of Judas Iscariot".

That's a bit rich, if you'll pardon the pun. If anyone has betrayed the values espoused by Jesus, or almost any other major prophet in human history, it's the rapacious corporations that Munger and his friends have built.

Remember, Berkshire Hathaway (Q1 earnings: $21.7 billion) owns a big ole chunk of Wells Fargo - the bank that has defrauded its own customers repeatedly over the last few years.

The bear market is over. 

If anyone knows how to spot a financial trend, it's Buffet. If he's talking about crypto, listen carefully - and believe the opposite.



Happy Monday.


 

Jon Rice
Co-founder & Managing Editor

 

P.S. If you have comments on this letter, please feel free to send them along to me directly. My email address is editor@cryptobriefing.com

P.P.S. - Judas Iscariot? Seriously? Way to elevate the conversation, Charlie. Did your market research suggest that invoking Hitler was just a little too much? Or is that reserved for when BTC hits $10k again?

Oh, and Munger's take on Wells Fargo's management? "I don't think people ought to go to jail for honest errors in judgement."

How the hell does he squeeze the word "honest" into any sentence on this subject? I gotta hand it to them, these guys follow the oppo research team's script to the letter.
 

Follow Jon On Twitter

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Donations

BTC: bc1qxv3stg0xha9upurf7h4aqnmg3xjn3h0zk28kpe

ETH: 0x01870296774Fb0A2DbF9b44d2E6a57fb8Ccea070

LTC: LQ44CP6xDDkX5bAiKd3yqmDB4c23U7orrQ

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ADA: addr1qx4q7348dv2ju5zshee9ru23ssmqhyyjlnxe0xlezjq5we42par2w6c49eg9p0nj28c4rppkpwgf9lxdj7dlj9ypganqtmuu2p