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/biz/ - Business & Finance

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2211331 No.2211331 [Reply] [Original]

I have information from a reliable source that Dan Blitzerian opened a $5,000,000 short position on Bitcoin 1 hour before before announcing "I Bought a Sh**Load of Bitcoin Today".

>> No.2211341

>>2211331
What a fuckin genius

>> No.2211344

Ok, and for the retarded luddites like myself - what does that imply

>> No.2211368

>>2211344

He's betting the price will crash.

>> No.2211371

>>2211331

Five million is a drop of piss in the ocean.

It's also unlikely that the Mongoloid Bilzerian knows what a short position is or how to set one up, so if it did happen, it's one of his accountants.

Still, this means basically nothing.

>> No.2211381

>>2211331
Does anyone really his instagram personality is his real personality? I don't think so, he's probably smarter than he lets on.

>> No.2211399

>>2211381
look at what he does for a living and ask yourself if he's that smart

>> No.2211417

>>2211381
he was on the joerogan podcast.

>> No.2211439

>>2211371
>>2211399
He clearly knows how to make money and market himself, if he was a total idiot the money he inherited would have been blown by now. People also forget he used to make big money playing poker, was in the marines and can fly a helicopter. He's not stupid, and his team of advisers and accountants are even less stupid.

>> No.2211559

>>2211371
He is an idiot,

But his father the one who actually made all the money is a wall street thug, been in prison for insider trading and everything