Hedge Funds Prepare to Trade Against Bitcoin – Bloomberg

Apologies if this is a repeat. I was told that my original post did not include a link nor my commentary.

“The market can stay irrational longer than you can remain solvent.” But, big hedge funds might be able to hold on and essentially take money from all those who held on to bitcoins (and Tether). This can be another great example of transferring wealth from the many poor to the few wealthy.

Stay tuned…

https://www.bloomberg.com/news/articles/2017-12-04/the-next-big-short-hedge-funds-prepare-to-trade-against-bitcoin

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