The Paper Bitcoin Trail
Unmasking Wall Street’s Favorite Illusion
In today’s letter, you are going to learn what “Paper Bitcoin” is, and, why its powerful to understand.
If you thought the 2008 mortgage crisis was the peak of financial alchemy, meet paper Bitcoin — the sleaziest trick in the 2025 playbook.
Paper Bitcoin isn’t real BTC. It’s a derivative claim — an ETF share, a futures contract, a perpetual swap, or an O…
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