News for hackers. Stuff that matters.

A comment on The rise and fall of Cathie Wood, controversial Wall Street investor. Parent comment

Re:The rise and fall of Cathie Wood, controversial Wall Stre... by bko on Sunday May 29, 2022 @08:29PM (#31554292)
Yeah. If someone wants to do a levered bet on tech, they should. This is essentially what Cathie Wood is selling. So let's just drop the BS.

Peter Thiel gave a speech at a Bitcoin conference a few months back where he explained Bitcoin price movement resembling a levered tech stock. And I'll say, it makes a lot of sense and dispels the whole idea of Bitcoin being an inflation hedge.

https://www.youtube.com/watch?v=ko6K82pXcPA

[ Parent | on HN ]
Re:The rise and fall of Cathie Wood, controversial Wall Stre... by devoutsalsa on Sunday May 29, 2022 @09:40PM (#31554702)
Bitcoin is not backed by any fundamental at all. Any movement up or down is pure speculation.
[ Parent | on HN ]