He told Institutional Investor that by the fall of 2021 bitcoin could be fairly valued at $100,000 per unit based on fundamental factors such as usage and the number of wallets in “the most powerful computing network the world has ever seen.”

Mark Yusko of Morgan Creek Capital Management, aka the man who has set up an Exchange Traded Fund (ETF) to ride the Special Purpose Acquisition Company (SPAC) trend/craze, believes that Bitcoin will be $100,000 by the fall of 2021. Not everyone is a believer, of course.

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What I am reading today

Twitter, Rumors and Sports — attached at the hip. [Grantland] A growing backlash against the relentless advances in technology. [Irving Wladawsky-Berger] Who says wallpapers are dead. [Narendra] Welcome to the everything boom (or maybe everything bubble.) [Neil Irwin] The Anatomy of a bubble. [Safa Rashtchy] How a spam newsletter caused a bank run in Bulgaria. … Continue reading What I am reading today