Skip to content
Matt Levine

Be Careful With Volcano Bonds

Also universal proxies, JPMorgan vs. Tesla, Ken Griffin vs. ConstitutionDAO and Bored Ape Yacht Club parties.


First of all let’s just appreciate the words here, these are good words:

Hyperbitcoinization, volcano-powered Bitcoin mining, HODLers, it is the good stuff. People are apparently calling this a “Volcano Bond” and who am I to resist. Volcano Bond.