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The high strategic critic asks the “basic” question

Famous short seller Jim Chanus, who was famous for the betting against ENRON, before his collapse in 2001, recently, take To the social media network X to question the logic behind the Bitcoin Treasury companies like the strategy.

Chanos asks whether the strategy derives its value from Bitcoin investments or market premium to the net asset value (MNAV Premium).

Jeff Walton, a prominent bull with a prominent strategy, argues that Bitcoin behaves as a guarantee that makes it possible for the company to raise capital and cheap shares. “It seems as if this idea is very simple, and it seems very good to be true,” Walton pointed out. He also pointed out that the strategy is eight times the capital from the peak of Kynikos Associas, the Chanos hedge box, in 2008.

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Chanus, whose fund is specialized in identifying exaggerated and fraudulent companies, recently in a bet against the strategy while hedging simultaneously with bitcoin purchases.

He believes that the current strategy premium is unjustified, and this is due to the noise that the retailers amplified. The essence of Chanos’s bet is that this installment will eventually dissipate due to the presence of more efficient alternatives such as Bitcoin’s investment funds.

At the same time, Silor to caution Chanus may end up with the liquidation if his company’s shares rise. Simon Girovic, CEO of Metaplanet, also encourages the famous short seller against his company.

For example, Chanos Tesla Bear has also been a long time ago, and this short has led to reverse results. In December 2020, it is I confess That was a “painful” bet.

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