Is The Bitcoin Game About To Stop?

(Video length 00:49:28)

  • Big gains in the most heavily shorted stocks like Game Stop.
  • Robinhood traders buying Game Stop think they’re smarter than the hedge funds shorting it.
  • Markets can stay irrational longer than you can stay solvent.
  • In the short-run, stocks are a voting machine.
  • In the long-run, stocks are a weighing machine.
  • Price is what you pay.
  • Value is what you get.
  • When it comes to bubbles, the markets first bankrupt everyone who bet against them and then bankrupts everyone who bet on them.
  • Premium for Grayscale Bitcoin Trust is collapsing along with the demand.
  • If you’re at the poker table and you don’t know who the patsy is, it’s you.

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