Cryptocurrencies and craft beers
The November issue of Modern Trader magazine has just come out in digital format. The print version will come straggling into our mailboxes sometime in the next couple of weeks.
The first thing I read in this (or any) magazine is the Table of Contents, in order to prioritize my reading. Today this caught my attention: Crytocurrencies and craft beers by James Grant, editor of Grant's Interest Rate Observer.
In my experience, you can take most of what Jim Grant says straight to the bank. So, as a beer-tippler and bitcoin-dabbler, how could I not read his article on craft beer and "craft money"?
I would post a direct link to that article, if Modern Trader hadn't made it virtually impossible to do. In order to share it with you, I have only two choices:
1. either copy-and-paste the whole article into this thread (with apologies to Modern Trader for violating their prohibition against such activity), or
2. direct you to the Mickey-Mouse procedure of subscribing to the magazine, and then downloading the Zinio Reader where they plant their digital version
I'm seriously considering choice #1.
If I choose to go that route, I'll copy-and-paste the article here.
In the meantime, the gist of Grant's article is that the craft beer market has grown dramatically, but individual craft breweries are cannibalizing each other's market share. And Grant anticipates that the "craft money" market will follow a similar "arc" as it continues to grow.