When a case is finally declared “closed,” the temptation is to assume there must still be something huge left hidden. But what if the simplest explanation really is the right one? In our post below, we make that argument. Before we get to it, a brief market note.
“We’ve Never Owned BTBT — Good Luck”
Over the weekend, ZeroHedge shared a post about Bitcoin by Mark Jeffovic of BombThrower.com (“Bitcoin Is The Benchmark”). In it, Jeffovic wrote:
Bit Digital (BTBT) – also eschewing my advice – will be exiting Bitcoin mining entirely to “become an Ethereum pure-play”: they will sell off their Bitcoin (which according to their March investor deck was 742 BTC) in order to acquire ETH – and sell off or wind down their entire Bitcoin mining operation. We’ve never owned BTBT, good luck.
Thanks for wishing us good luck, Mark! Shares of Bit Digital spiked 30% intraday on Monday (to a level they’ve since surpassed after hours), enabling us to exit half of an options trade on the stock for a 257% gain.
The memo does not claim Epstein was harmless; it simply says the material conspiracy theories — spy craft, kompromat, a master “client list” — aren’t supported by evidence in government hands.
2. A three-point, non-conspiratorial model
Basically, Epstein 1) liked the company of teen girls, 2) liked to make money, and 3) liked to hobnob with powerful people. So he used 1) to get 2) and 3).
A rich man discovered that providing access to underage sex was the fastest way to extract donations, investment ideas, and proximity to power. He filmed some of it — probably for his own gratification — while everyone assumed the other guests must know something they didn’t.
If that is all there is, it explains:
Take-aways
Conspiracy theories comfort us by implying there’s a hidden order. Maybe there really wasn’t one here. Or if there is one, it’s to get us talking about Epstein instead of something else that’s happening now.
