Money 2.0 Stuff: This newsletter is the silver to Matt Levine's gold

In one of the most hated rallies of all time, consistent with other historical rallies, $LTC led the market after an epic short squeeze (March 15 was the all-time-low in $LTC’s L/S ratio), marking its highest price since August 2018. This sparked vitriolic commentary from a crowd including fund manager Mike Novogratz who shared an exchange with cryptocurrency philosopher Naval Ravikant:

@novogratz: Gold has an $8.5 trillion dollar market cap. Silver is $15bn That is .17%. $BTC has a $90bn mkt cap. $ltc is $5.7bn which is 6.4% of $BTC. Silver is at least useful for industrial production. $ltc is a glorified test net for $btc. I don't get this rally. Sell $ltc buy $btc.