Thiel’s fund wound down 8-year bitcoin bet before market crash

Discussion in 'Crypto Assets' started by Pekelo, Jan 19, 2023.

  1. Pekelo

    Pekelo

    Yeah I was wondering about that. But when you are buying and selling billions, you may don't want the public know your intentions. I bet they were buying below 20K.

    Nevertheless they are the first crypto fan fund that sold close to the top. And that is my point. Just because you like something that doesn't mean when it is highly overvalued you can not dump it and buy it back much lower. Hey you can double your holdings!
     
    #31     Jan 20, 2023
    johnarb likes this.