Short selling giant Jim Chanos is still pretty bearish on a number of stocks including Coinbase and Tesla, he said on Thursday.
“Look at the texts that were released in conjunction with people wanting to invest in Elon’s Twitter deal,” he said. “You know, ‘I’ll send you a couple billion dollars in effect, no due diligence necessary.’” “This isn’t about crypto prices. That’s not why we why we shorted the stock and that’s not why we remain short. I mean, crypto prices will obviously fluctuate. It’s really the business model that I don’t think people appreciate here,” he said.
Source: News Formal (newsformal.com)
Crypto is the biggest international Ponzi scheme ever, using the internet to net customers world over.
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