Monday, October 6, 2014

Climateer Line of the Day: A Nice Taut Bitcoin Tautology

Today's winner of the prestigious CLoD is Bloomberg's Matt Levine:
..."Some contend that Bitcoin’s price is irrelevant and that it does not reflect the virtual currency’s true value," of course, and while the second half of that sentence is true in any financial market the first half is weird. But not a surprise, right? Obviously bitcoin didn't go down yesterday priced in bitcoin.
See also yesterday's "Bitcoin Breaks Under $300.00"