Bitcoin Investment Trust Executes 91-for-1 Stock SplitNew!!
Bitcoin Investment Trust declared a 91-for-1 stock split last week. Each holder of record will receive ninety one new shares for every single share already held. The exchange traded fund, which tracks the spot price of bitcoin, will trade at a proportionally lower price once the split settles. The move lowers the entry cost for […]
The Spanish Peso, the Thaler along with the Birth of the Dollar Sign
The sign that today denotes the United States dollar began as a hurried scribble on trade ledgers in the Caribbean ports of the Spanish Empire. Merchants who moved silver from the mines at Potosà to the counting houses of Havana wrote the words peso de ocho reales so often that they soon contracted the phrase […]
A Digital Dollar From the Fed? Not On Jerome Powell's Watch
Federal Reserve Chair Jerome Powell told the Senate Banking Committee on Tuesday that the central bank will not issue a central bank digital currency during his tenure, which ends in May 2026. The statement eliminates any prospect of a Fed-issued electronic dollar before that date. Senator Bernie Moreno, Republican of Ohio, asked Powell to rule […]
Lessons From Mark Cuban - How to Invest Like a Frugal Student
Mark Cuban, who sold Broadcast.com to Yahoo for 5.7 billion dollars in 1999, tells newcomers that wealth arrives through thrift, not through hot tips. He built his fortune by founding MicroSolutions - selling it for six million dollars - repeating the process with Broadcast.com. Today he owns the Dallas Mavericks and stakes in dozens of […]
One in Five Bitcoins Vanishes Forever, Chainalysis Finds
Chainalysis estimates that 3.7 million bitcoins sit in wallets whose private keys no user remembers. The tokens equal roughly twenty percent of the 19.4 million units mined to date. A banknote dropped in the street can still return to its owner - a bitcoin whose key disappears cannot. The protocol grants no back door, no […]