Paul Krugman is for it. “Money is a social contrivance,” he said back in 2013, just months before calling bitcoin “evil” for being a social contrivance according to him. The Modern Monetary Theorists are for it. They want to add minting to the government’s power to tax and borrow. The current Secretary of the Treasury and former Fed chair, Janet Yellen, is against it however. In fact she was vice chair at the Fed in that 2013 when Fed said they won’t accept this platinum coin. The law allows the treasury to mint a platinum coin in any denomination. So
Key Highlights Strategy led the decline among tracked crypto stocks, falling 5.09% to $116.56. Coinbase, MARA, CleanSpark, BitMine and IREN also closed lower after post-Fed volatility hit crypto-linked equities. All six stocks showed modest after-hours gains, suggesting some dip-buying after the regular-session selloff. Crypto-linked stocks closed lower on June 17…
Former BitMEX CEO Arthur Hayes, who attracted attention with his analyses of Bitcoin (BTC) and the cryptocurrency market, explained his bullish predictions about Ethereum and some altcoins in his latest statements. Hayes, who based his bullish forecasts on the FED’s interest rate cuts, said he expects a new ETH bull…