CandleFocus Prominent Tesla Short-Seller Issues Major MicroStrategy Warning
2024-10-31
Author: Content Editor
Hedge fund manager Mark Spiegel, known for being a major Tesla short-seller, has issued a bearish warning about MicroStrategy. He compared MicroStrategy's co-founder, Michael Saylor, to the Hunt Brothers who tried to corner the silver market in the 1980s. Spiegel warned that Saylor may eventually want to unload all of MicroStrategy's Bitcoin holdings and realize that he was "the market." The Hunt Brothers' attempt to control the silver market backfired, leading to bankruptcy. MicroStrategy recently announced plans to raise $42 billion to buy more Bitcoin, which has sparked both bullish and cautious attitudes among Bitcoiners.
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