“Well-known short-investor and founder Kynikos Associates Jim Chanos in a comment CNBC stated that he was buying bitcoin and at the same time opened short positions on Strategy shares. “In fact, we take something for $ 1 and sell for $ 2.5. […] It is a good indicator not only of arbitration, but also retail speculation, ”the investor explained. The edition reminded that Strategy uses Leveredh, […]”, – WRITE: Businessua.com.ua
Well-known short-investor and founder Kynikos Associates Jim Chanos in a comment CNBC stated that he was buying bitcoin and at the same time opened short positions on Strategy shares.
“Actually We take something for $ 1 and sell for $ 2.5. […] It is a good indicator not only of arbitration, but also retail speculation, ”the investor explained.
The publication reminded that Strategy uses Leverdzh, and its shares are traded with a large bonus to the volume of bitcoins on the balance sheet.
“If you look at the actions of Strategy and its imitators, they sell retail investors the idea: we will buy digital gold within the corporate structure,” Chanos said.
He called this approach “absurd” and added that he did the same as the company – buys an asset that costs $ 1, for $ 1.
During the year, the Strategy shares increased by more than 220%, while bitcoin increased by about 70%over the same period, CNBC noted.
Daytime Stock Stock (NASDAQ). Data: Finviz.
Bernstein analysts believe that bitcoin strategy is not suitable for every company. It is most effective for low -growing businesses and large cash.
It is estimated that by 2029 companies will increase their bitcoin reserves to $ 330 billion, and Strategy will remain the leader in terms of procurement.
Recall that the founder of the company Michael Salor predicts the growth of Strategy capitalization to $ 10 trillion.
Buying Strategy almost no effect on the price of bitcoin – Vaneck
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