Wall Street bear: Short selling Strategy and buying Bitcoin

BlockBeats news, on May 15th, according to CNBC, well-known Wall Street bear Jim Chanos simultaneously bet on Bitcoin and shorted MicroStrategy, which has adopted a high-risk cryptocurrency strategy with the support of fervent retail investors. Chanos said, 'We are short selling Strategy stocks and buying Bitcoin, basically buying at $1 and selling at $2.5.'. '' Chanos said, "If you look at Strategy and some of the more concerning imitative companies now, they are raising large amounts of capital and basically promoting the idea to retail investors that we will buy Bitcoin in the company structure. Because of Strategy's approach, you should value us at a similar premium. However, Chanos called this idea "absurd". In the past year, Strategy's stock price has soared by over 220%, while Bitcoin's price has risen by nearly 70% during the same period. Trump has always been a public supporter of cryptocurrency, and since he announced widespread tariffs in early April, cryptocurrency prices have risen sharply. Chanos stated that this transaction is not only a good barometer for arbitrage itself, but I believe it is also an indicator of retail speculation