Monthly Archives: December 2017

Bitcoin Futures are a Bad Idea

By | December 13, 2017
2 Comments

Sunday evening marked the latest chapter in the Bitcoin bonanza when the Chicago Board Options Exchange (CBOE) began offering Bitcoin futures contracts. To the surprise of no one, the launch did not go smoothly.  CBOE was forced to halt trading two and a half hours after trading opened when the futures price rose by 10%,… Read More »

Why a Bitcoin Bubble is a Good Thing

By | December 5, 2017
3 Comments

Courtesy of Lee Reiners, Ryan Clements, and Sean Semmler In the late 1990s, it was widely understood that Beanie Babies – a line of miniature stuffed animals – were in the midst of a speculative bubble. At one point, Beanie Babies made up 10% of eBay’s sales and over 60% of American households owned at… Read More »