How To Lose Your Hodl In One Easy Lesson

A Cautionary Warning for Bitcoiners

Institutional Bitcoin participation is not inherently bullish for bitcoin. Quite the opposite is the case.

The danger of what is being offered with bitcoin lending and other bitcoin financial products is that it is ingrown within the legacy system. Until sound commercial free-market banking lends to new wealth entering the marketplace and until that new wealth is created and new non-inflationary money is created representing this new wealth through the emergence of free-market banking, bitcoin will…