GenZ News

Article View

Jim Chanos, who famously shorted Enron, calls Michael Saylor's bitcoin strategy "financial gibberish", as Saylor inspires several copycats like Trump Media (Peter Whoriskey/Washington Post)

165d ago
Technology
Techmeme
Technology and innovation
Famed short-seller Jim Chanos, known for predicting Enron's collapse, has criticized Michael Saylor's Bitcoin investment strategy, labeling it "financial gibberish." Chanos's skepticism arises from Saylor's approach of using company stock sales to fund Bitcoin purchases, a strategy that has reportedly inspired other companies, including Trump Media. The Washington Post reports that Chanos views Saylor's actions with suspicion, suggesting potential risks associated with this unconventional financial maneuver.
Source