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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: bull_dozer who wrote (167594)	1/26/2021 6:41:04 PM
From: TobagoJack	Respond to of 217764

Elon, should he engage w/ the insurrection, would materially upgrade the movement substantially into the sphere of revolution, and he would be punishing the same people who must have and probably are still short Tesla (am guilty but by same protocol as applied to the case of GME though for bit more than giggles). By dealing out squeeze-life punishment, would force the enemy of the Reddit mob to reduce entire book of shorts having been ripped new ones in shorts in such interesting ways. All that remains for immediate doing is one sentence uttered in passing, as casually as possible, that “Michael Saylor and I are thinking of investing alongside Ryan Cohen, do a stock split, tack on some batteries, stir in some Chewy, and do autonomous gaming / Bitcoin/trading, all by way of Peloton people-powered iPads, and, oh, funding is in place” The shorts are soooooooo phucked

To: bull_dozer who wrote (167594)

1/27/2021 4:25:12 AM

From: TobagoJack

Respond to of 217764

... elon on one end, and scaramuncci takes up the other end

one word unites both, insurrection

is one way to look at it

bloomberg.com

Scaramucci Says the GameStop Phenomenon Is Positive for Bitcoin

Joanna Ossinger
27 January 2021, 13:12 GMT+8

Anthony Scaramucci

Photographer: Cole Burston/Bloomberg

The growing number of retail traders sidestepping Wall Street to power rallies in stocks like GameStop Inc.points to a positive backdrop for Bitcoin, according to SkyBridge Capital’s Anthony Scaramucci.

That’s because the phenomenon exemplifies financial decentralization, the guiding idea behind Bitcoin, he said. Smartphones and low-cost trading are “democratizing” the formerly insular and highly concentrated business of money management, he added. SkyBridge has an overall Bitcoin exposure of around $385 million.

“The activity in GameStop is more proof of concept that Bitcoin is going to work,” Scaramucci said in an interview. “How are you going to beat that decentralized crowd? That to me is more affirmation about decentralized finance.”

Bitcoin, which has more than tripled in the past year, is underpinned by a digital ledger distributed across computer networks rather than a central authority. Proponents argue it’s emerging as an alternative to gold for investors seeking to hedge risks such as faster inflation. Critics see a speculative mania reminiscent of Bitcoin’s boom and bust three years ago.

The recently launched SkyBridge Bitcoin Fund LP now has about $60 million, Scaramucci said. The cryptocurrency is down some $10,000 from a record in early January of almost $42,000. It was little changed at $31,850 as of 12:52 p.m. in Tokyo on Wednesday.

Euphoria born in day-trader chat rooms has powered a near-700% rally in GameStop this year, turning it into a symbol of the power of individual investors over traditional institutions who see no logic in the rally. There are also calls for a Securities and Exchange Commission investigation amid concern that the chat-room posts are part of an illicit scheme to manipulate the market.

“It’s the age of the micro investor and you better take it seriously, otherwise you’ll get taken to the cleaners,” Scaramucci said.

Read More

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