Backstage pass: The knee was bent
Vanguard concedes // Nation-states opine // Tether's plan // Solana's phone
Just in case you have that one friend who insists that the whole Operation Choke Point 2.0 narrative was hoax — that controversy where crypto companies and entrepreneurs were kicked out of banking services, en masse, for slinging internet money: show them this timeline.
It very much shows that again and again the Biden agencies told banks that operations would be difficult and tedious if they tried to bank these companies, or, worse, provide services that enabled new lines of business.
11 years ago today, bitcoin price was $376
The 11th largest coin by market cap was namecoin
The 111th largest coin was NXTventure
Malvern surrenders
Until Vanguard, the mutual fund giant, investing used to be throwing darts at the newspaper or going to some financial advisor, dumping a bunch of money on them, letting them go to town and paying them whether you made money or not.
John Bogle came along in 1975 and said: “Screw that. Just buy everything.”
“Ever…