Yet beyond these rites, beyond the veneer of stability, stretches a horizon cluttered with projects-pipelines stretching across deserts, terminals rising from marshlands-all awaiting completion, all demanding belief in futures that may never arrive. It is here, amidst the ceaseless accumulation of obligations, that the company finds itself ensnared, propelled forward by forces it neither fully understands nor controls.
The Alpha rocket, sleek and carbon-fiber light, had already etched its name into the annals of space exploration by delivering satellites into orbit on short notice-a feat both miraculous and mundane, like rain falling precisely where it is told. Yet, for all its promise, the Alpha could not bear the heft of Firefly’s own Blue Ghost lunar lander, which instead hitched a ride aboard SpaceX’s Falcon 9, an irony laced with the bitter sweetness of borrowed glory.
In a chat with Bankless (yes, that’s a real thing), Lee drew parallels between Ethereum today and Bitcoin in 2017. You know, when Bitcoin decided to take its sweet time before skyrocketing faster than your aunt Mildred on Black Friday. Ethereum, it seems, is now standing at this dramatic crossroads, allegedly undervalued but oh-so-promising. One can’t help but feel a bit skeptical-like being promised a diamond ring only to receive cubic zirconia. ✨
“Every week, there is a Bitcoiner, at least one in the world, who gets kidnapped, tortured, extorted, and sometimes even worse,” she murmured to the Baltic Honeybadger 2025 conference in Riga, Latvia, a city where suspicious glances seem cheaper than a Dogecoin.
True, there is much about PepsiCo that invites derision, and no doubt some investors will find solace in the notion that they have better things to do with their time. But for those whose financial appetites are whetted by the promise of regular payouts, a deeper contemplation is warranted.
As if the laws of the land were stories told by a bored scribe, recent legislation grants a golden pass to investment banks worth no less than fifty million dollars-a sum that, in these days of digital gold, sounds modest only to the enormously wealthy or profoundly foolish. These institutions now have the privilege to dabble in Bitcoin and its cryptic kin, offering these currencies to investors carrying more than a quarter of a million dollars-an amount that, frankly, makes most of us feel quite poor, especially when paired with a fancy ledger and a nod of approval.
Once a titan of corner-store convenience, Walgreens became a game of musical chairs where everyone arrived early, and there were no chairs left. Growth? Gone. Profit? Dwindling. Desperate for reinvention, it dabbled in pharmacy benefits and health clinics. Both flopped, like a mime slipping on a banana peel. The dividend, once a promise of stability, vanished into the ether. So it goes.
In a series of missives on the modern agora known as X, Bloomberg’s sage of ETFs, Eric Balchunas, reveals that the endowments of these Ivy League titans have cast their lots with BlackRock’s iShares Bitcoin Trust (IBIT). A bold move, indeed, for institutions that once scoffed at such plebeian pursuits. 📈
Act I: The Investor’s Dilemma. To time the market is to believe oneself a magician in a world of arithmetic. One might charm the stock gods once or twice, but to weave such tricks into a lasting tapestry of wealth? That is the ambition of a man who believes his pocket square contains a rabbit.
On the grand tapestry of time, the third-largest cryptocurrency has been weaving a rather intricate triangle pattern since the twilight of last year. Each swing, a delicate dance, has narrowed the range until, in a moment of sheer audacity, July’s breakout propelled the price beyond its previous confines. It soared to a dizzying $3.38, only to retreat to a more modest $3.22, which, if one were to be honest, feels less like a retreat and more like a brief intermission in a long-winded play.
