January 5, 2021

Where Are the Bitcoin Billionaires?

Bitcoin continues its spectacular 3-month surge:

I don’t get it, but then, there are lots of things I don’t get. I suppose that old stamps and impressionist paintings don’t have any intrinsic value either, aside from the fact that lots of people want them, so why not bitcoin? But what I still want to know is something simple: if I own a bitcoin, can I sell it easily and pocket my $34,131? Has anyone become rich doing that? That is, selling a big stock of bitcoin for actual American dollars (not ether or tether or some other blockchain bullshit) and then retiring to the Bahamas? For some reason I never hear about that.

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PLEASE—BEFORE YOU CLICK AWAY!

“Lying.” “Disgusting.” “Scum.” “Slime.” “Corrupt.” “Enemy of the people.” Donald Trump has always made clear what he thinks of journalists. And it’s plain now that his administration intends to do everything it can to stop journalists from reporting things it doesn’t like—which is most things that are true.

We’ll say it loud and clear: At Mother Jones, no one gets to tell us what to publish or not publish, because no one owns our fiercely independent newsroom. But that also means we need to directly raise the resources it takes to keep our journalism alive. There’s only one way for that to happen, and it’s readers like you stepping up. Please do your part and help us reach our $150,000 membership goal by May 31.

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