Are you struggling to understand what is cryptocurrency and how it works beyond the hype? Then we want to read the Matt Levine Crypto Story.
The market for digital coins is booming. Coinmarketcap.com reports that more than 1,500 cryptocurrencies have a market capitalization of more than $1 billion. Those numbers haven’t been updated in a while, but crypto trading soared in 2017 by 60 percent, to a record $420 billion on all exchanges.
Bitcoin is the most popular crypto asset—it runs circles around every other digital currency (except one). But why? For answers, we will find out in the 40,000-word article known as Matt Levine Crypto Story.
But before the story, let’s give you a clue what Matt Levine the crypto story is all about.
Matt Levine Crypto Story
Math Levine’s crypto story is a way to understand Bitcoin. Imagine that you’re living in a world that’s governed by a currency that you can send to anyone but whose value is derived from a decentralized system of computers, not governments or central banks.
To find out what it means for currencies, business, or everyday life, Bloomberg Businessweek turned to Matt Levine, the Bloomberg Opinion columnist, and former columnist at The Wall Street Journal who keeps tabs on the currency.
Who is Matt Levine
As seen on Wikipedia, Matt Levine is a columnist for Bloomberg News covering finance and business. Levine has previously been a lawyer, investment banker, law clerk, and has written for a number of newspapers and financial sites.
Born in 1978, His newsletter, Money Stuff, is one of the most popular on Wall Street with over 150,000 subscribers as of October 2020.
After graduating from Harvard, Matt Levine was a high school Latin teacher. He left that profession for law school and became a mergers and acquisitions lawyer for the law firm Wachtell, Lipton, Rosen & Katz.
He later went on to become an investment banker for Goldman Sachs, where he structured and marketed corporate equity derivatives for four years. Levine was also a law clerk for the U.S. Court of Appeals for the 3rd Circuit.