Is the Bitcoin Game about to Stop? – Ep 649

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Big gains in the most heavily shorted stocks like Game Stop.

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Robinhood traders buying Game Stop think they’re smarter than the hedge funds shorting it. 

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Markets can stay irrational longer than you can stay solvent.

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In the short-run, stocks are a voting machine. In the long-run, stocks are a weighing machine.

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Price is what you pay. Value is what you get.

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When it comes to bubbles, the markets first bankrupt everyone who bet against them, and then bankrupts everyone who bet on them.

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Premium for Grayscale Bitcoin Trust is collapsing along with the demand.

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If you’re at the poker table and you don’t know who the patsy is, it’s you.


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