According to the Gate.io News bot, CNBC reported that well-known investor Jim Chanos announced his long and short trading strategy for Bitcoin and MicroStrategy (now renamed to Strategy) at the Sohn Investment Conference in New York.
Chanos pointed out at the meeting that MicroStrategy and its followers purchase Bitcoin through corporate structures and promote this idea to retail investors, as well as the related premium valuations being unreasonable. He bluntly stated that the strategy of shorting MicroStrategy stock and buying Bitcoin is equivalent to buying at 1 dollar and selling at 2.5 dollars.
Data shows that over the past year, MicroStrategy's stock price has risen by more than 220%, while Bitcoin's price has increased by about 70%.
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Jim Chanos revealed the long and short trading strategy of Bitcoin and MicroStrategy at the Sohn Investment Conference.
According to the Gate.io News bot, CNBC reported that well-known investor Jim Chanos announced his long and short trading strategy for Bitcoin and MicroStrategy (now renamed to Strategy) at the Sohn Investment Conference in New York.
Chanos pointed out at the meeting that MicroStrategy and its followers purchase Bitcoin through corporate structures and promote this idea to retail investors, as well as the related premium valuations being unreasonable. He bluntly stated that the strategy of shorting MicroStrategy stock and buying Bitcoin is equivalent to buying at 1 dollar and selling at 2.5 dollars.
Data shows that over the past year, MicroStrategy's stock price has risen by more than 220%, while Bitcoin's price has increased by about 70%.