Kynikos Associates investor and founder of Kynikos Associates, Jim Chazos in an interview with Bitcoin and opening shorts for Strategy’s shares, specializing in short positions.
The publication recalled that the organization used Leverid, and its shares are traded with a large bonus relative to the coins held on the balance sheet.
The expert called this approach “ridiculous.” He noted that he is engaged in the same thing as Strategy, buying $ 1 for $ 1.
Over the past year, Strategy shares took off in price by more than 220%, while the first cryptocurrency for a similar period has risen by almost 70%, they reminded of CNBC.
According to Bernstein experts, bitcoin strategy is not applicable to every project. The most suitable candidates are companies with a low growth rate and a high cash level.
Analysts suggest that by 2029, the corporation will increase the volume of digital gold on the balance sheet to $ 330 billion, and Strategy will remain a procurement leader.
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Source: Cryptocurrency
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