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RE: boersenkater´s Trading-Pausen-Thread
| 23.10.2021, 18:41 (Dieser Beitrag wurde zuletzt bearbeitet: 23.10.2021, 18:53 von boersenkater.)
the money game Oct. 17, 2021
Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble
By Michelle Celarier
During the past year of COVID-induced market mania, cryptocurrencies have gone up so much — bitcoin is up about fivefold, while many other crypto projects are up far, far more — that even reluctant Wall Street institutions have begun to tiptoe into the arena. A blazing rally that began this month has helped bitcoin shoot up nearly 50 percent in two weeks. It was driven by various pieces of news — for instance, George Soros’s family office disclosed that it holds some — but the biggest force was the increasingly certain expectation that the federal government will approve the first bitcoin-based exchange-traded fund, which will allow retail investors to buy in more easily, including for 401(k) accounts. (The ETF could begin trading as early as Monday.) But doubters remain — and their ranks just happen to include many of the same prominent investors who saw the financial crisis of 2008 coming.
Hedge-fund mogul John Paulson, who was behind the “the greatest trade ever” — in 2007, he personally made $4 billion on his short of subprime mortgages — thinks cryptocurrencies are a bubble that will prove to be “worthless.” Michael Burry, the quirky hedge-fund manager made famous in The Big Short movie (played by Christian Bale), complains that no one is paying attention to crypto’s leverage. For months, he has been suggesting that bitcoin is on the precipice of collapse. And NYU professor Nassim Taleb, whose now-canonical book The Black Swan warned about the dangers of unpredictable events just ahead of the subprime crash, argues that bitcoin is functionally a Ponzi scheme.......................................................................................................................
https://nymag.com/intelligencer/2021/10/...t_discover
Comments
https://nymag.com/intelligencer/2021/10/...r#comments
Webseite in Deutsch übersetzt
Warum die „Big Short“-Jungs denken, dass Bitcoin eine Blase ist
https://nymag-com.translate.goog/intelli...tr_pto=nui
Why the ‘Big Short’ Guys Think Bitcoin Is a Bubble
By Michelle Celarier
During the past year of COVID-induced market mania, cryptocurrencies have gone up so much — bitcoin is up about fivefold, while many other crypto projects are up far, far more — that even reluctant Wall Street institutions have begun to tiptoe into the arena. A blazing rally that began this month has helped bitcoin shoot up nearly 50 percent in two weeks. It was driven by various pieces of news — for instance, George Soros’s family office disclosed that it holds some — but the biggest force was the increasingly certain expectation that the federal government will approve the first bitcoin-based exchange-traded fund, which will allow retail investors to buy in more easily, including for 401(k) accounts. (The ETF could begin trading as early as Monday.) But doubters remain — and their ranks just happen to include many of the same prominent investors who saw the financial crisis of 2008 coming.
Hedge-fund mogul John Paulson, who was behind the “the greatest trade ever” — in 2007, he personally made $4 billion on his short of subprime mortgages — thinks cryptocurrencies are a bubble that will prove to be “worthless.” Michael Burry, the quirky hedge-fund manager made famous in The Big Short movie (played by Christian Bale), complains that no one is paying attention to crypto’s leverage. For months, he has been suggesting that bitcoin is on the precipice of collapse. And NYU professor Nassim Taleb, whose now-canonical book The Black Swan warned about the dangers of unpredictable events just ahead of the subprime crash, argues that bitcoin is functionally a Ponzi scheme.......................................................................................................................
https://nymag.com/intelligencer/2021/10/...t_discover
Comments
https://nymag.com/intelligencer/2021/10/...r#comments
Webseite in Deutsch übersetzt
Warum die „Big Short“-Jungs denken, dass Bitcoin eine Blase ist
https://nymag-com.translate.goog/intelli...tr_pto=nui
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