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Good point. Also Cathy Wood suddenly buying more $COIN and $GBTC seems like similar forces at play. Many are caught off guard and seem to have lost big on paper
by negamax 4y ago
Good point. Also Cathy Wood suddenly buying more $COIN and $GBTC seems like similar forces at play. Many are caught off guard and seem to have lost big on paper
- dpflan 4y agoIndeed, the compound growth required for BTC to reach Wood's $1M target by 2030 from where it is now, seems incredibly unlikely...
- inasio 4y agoI didn't know she ended up picking up McAfee's torch. Hopefully she skipped the pledge.
- louloulou 4y agoYeah, she didn't really pick up the torch with the same flare https://twitter.com/dergigi/status/1597721460784582657 https://twitter.com/dergigi/status/1597721460784582657
- skippyboxedhero 4y agoCathie Wood is another version of SBF. She has repeatedly said stuff that is obviously false. Even worse, she has actually demonstrated that her staff also have no idea what they are doing. It isn't possible to go full-FTX with a long-only fund...but there is further downside.
- gitfan86 4y agoThey are all trying to frontrun the next boom cycle in hopes of having good returns for 2023. Their returns for 2022 are garbage. Can you imagine giving ARK 1% of your wealth as payment for them losing 60% of your wealth? Their hope is that the fed cuts rates in early 2023, and that causes a ton of money on the sidelines to come back into the market into speculative assets.