Quote of the Day

"Today, believing in Coinbase as it makes its debut requires you to believe in bitcoin. But maybe we’re heading toward the reverse. Maybe soon you won’t need to believe in bitcoin at all to think it has value."

(Gregory Barber)

Chart of the Day

How the Johnson & Johnson ($JNJ) pause played out for related stocks. (chart via @ycharts)

(marginalrevolution.com)