GameStop Stops Wall Street - Bad News for Jan 28th

Jan 29, 2021

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GameStop Stops Wall Street - Bad News for Jan 28th

Bitcoin momentarily dipped under $30,000 only to recover to $32,000. Who’s in charge of the market right now? The bears or the bulls?

An amazing case study in the power of the people happened this week as Wall Street shorters were caught by the shorts when a subreddit moved GameStop’s stock from $20 to over $400. And the powers that be have responded as heavy-handed as you would expect.

And major Universities are moving endowment funds into crypto. Perhaps our institutions of higher education are finally learning something?

A penny saved is no longer a penny earned, because that penny is worthless and less every year. But here in the Republic of Bad Cryptopia, a Satoshi saved is a Satoshi earned. So stack those sats and sat right there for our Bad News episode #482 of The Bad Crypto Podcast.

Full Show Notes at: http://badco.in/482

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