Andem: I think both come from a, from a deep sense of financial populaism. The little guy has the very hearts making money in traditional finance as it were. And they see this as a chance for them to make outsize gains, and also for them to make gains while the big guys suffer it,. More more importantly. So, kind of a short squeeze mentality, where the hedgefun guys are finally the ones who lose money.
Today, Su and I discuss the rise of WallStreetBets and financial populism in general. As one of the most experienced market participants I know, Su has a unique perspective on the story behind the GameStop short squeeze. We explore why he thinks it is going to end in tears for small investors, which invisible rules of the traditional financial system have been laid bare for everyone to see, and how all of this massively validates crypto and Defi going forward.
Su Zhu https://twitter.com/zhusu
Hasu https://twitter.com/hasufl
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