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301 sats \ 0 replies \ @grayruby 28 Mar \ on: Kerrisdale Capital: Long BTC/Short MicroStrategy bitcoin
It's logical but in my opinion it's a stupid gamble. This will work if bitcoin consolidates or moves gradually upwards but if you get quick upward impulse you are going to get squeezed out due to high short interest in MSTR.
Fiat maxis playing fiat games.
It's another case of the market can remain irrational longer than you can remain solvent.