On Bitcoin Elasticity and Use as a Medium of Exchange
The fixed supply of Bitcoin, despite its perceived inelasticity, is what will drive its adoption as a global medium of exchange.

Macro, money, and the forces reshaping the financial system. The stories behind the headlines.
1,003 posts
The fixed supply of Bitcoin, despite its perceived inelasticity, is what will drive its adoption as a global medium of exchange.

The State of Wisconsin Investment Board has significantly increased its investment in BlackRock's iShares Bitcoin Trust, now holding 2.9 million shares valued at $98.9 million.

Marathon Digital Holdings is raising $250 million through a private offering to expand its Bitcoin holdings.

Starting Wednesday, Morgan Stanley will allow its wealth management advisors to offer Bitcoin ETFs to select clients.


The BOJ is reportedly considering raising short-term rates to 0.25%, potentially marking a shift away from eight years of negative interest rates.

Jersey City has announced plans to invest a portion of its pension fund in Bitcoin ETFs, according to Mayor Steven Fulop.

Fold, a Bitcoin rewards app, is set to go public on Nasdaq through a $365 million SPAC merger.

Bitcoin miner Marathon Digital has been ordered to pay $138 million for violating a non-disclosure agreement with former executive Michael Ho.

The U.S. House upheld President Biden's veto on a bill to nullify the SEC's SAB 121 rule, which requires public companies to include customers' Bitcoin on their balance sheets.

MicroStrategy, the largest corporate Bitcoin holder among publicly traded companies, announces a 10-for-1 stock split to make shares more affordable and accessible.

BitMEX pleads guilty to violating the Bank Secrecy Act by failing to establish an adequate anti-money laundering program.

Bitfarms has appointed Ben Gagnon as CEO amidst a hostile takeover attempt by Riot Platforms.

Broken economic indicators and underreported inflation suggest the U.S. may have been in a hidden recession for nearly five years.

Treasury Secretary Janet Yellen claims she doesn't experience sticker shock at the grocery store, highlighting her privileged position and disconnect from the struggles of the aver…

Your yield curve is running, you better go catch it.

Javier Milei has achieved a remarkable 95% reduction in the country's annualized inflation rate within just seven months of taking office.

Economist Ryan McMaken exposes the Federal Reserve's century-long failure to achieve a 'soft landing' and its ongoing misdirection about economic stability.

Arizona's housing market crisis, driven by failed public policies and unprecedented federal spending, has made homeownership unaffordable for many residents.

The U.S. Supreme Court has ruled 6-3 to limit the enforcement powers of the SEC, declaring the agency's use of in-house judges unconstitutional.

The Commoner
Independent writing by Marty Bent at TFTC since 2017. Money, markets, AI, energy and privacy, delivered free to your inbox.
Free, every weekday. Unsubscribe anytime using the link in each newsletter. By subscribing you agree to our Terms and acknowledge our Privacy Policy. Read recent issues.