When this commentary was broadcast at the beginning of my radio show at noon, Pacific time, December 21, bitcoin was trading at about $15,600. It had a bad Friday, losing almost a quarter of its value, bottoming out at $11,858, before recovering to $14,267 as I’m posting this. I am not claiming cause and effect. I’m going to indulge in a rare bit of holding forth on my own—on the topic of bitcoin. I thought of having a guest do that, but since I wrote a piece on the topic for The… Read More