Already a member? Log In

Bitcoin, Cathie Wood’s Tesla Sale, and Junk Bond Porn

Michael Milken, the junk bond king
Michael Milken, the junk bond king Photo by Rick Maiman/Sygma via Getty Images
William D. Cohan
October 3, 2021

Since I began writing my column for Puck, I’ve been inundated with feedback about Wall Street’s biggest characters and concerns. I’ll be engaging with some of those questions here—in addition to a few observations of my own.


Bitcoin had its biggest jump since July on Friday after Jay Powell said the U.S. has no plans to ban crypto. Where do senior executives on Wall Street and investors generally stand on the digital currency, in particular, and the crypto market, in general?