O.K., so this new crypto story is by the most important financial writer of the day, writing in probably the most important financial publication, at a length that indicates serious commitment. But what does the story actually say?
Perhaps the most emblematic bit of the piece is an image caption early on which reads simply: “Bitcoin is a Big Thing.” The content as a whole offers the same takeaway as the fact of its publication: that crypto Really Matters – for better or for worse.
What Levine does say is something both more moderate and more important: Crypto is interesting.
“I don’t have strong feelings either way about the value of crypto,” Levine makes clear. “I like finance. I think it’s interesting. And if you like finance – if you like understanding the structures that people build to organize economic reality – crypto is amazing.”
‘Enforcement 40’ for 2020
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