According to Foresight News, as reported by CNBC, Wall Street's big short Jim Chanos is buying Bitcoin and shorting MicroStrategy. Chanos stated, “We are shorting Strategy stock and buying Bitcoin, basically buying it at $1 and selling it at $2.50.” Chanos continued, “If you look at Strategy, and some of the more concerning imitators now, they are raising a lot of money, essentially pitching retail investors the idea that: we will buy Bitcoin into the company structure. Because of Strategy's actions, you should value us at a similar premium.” However, Chanos called this idea “absurd.” Over the past year, Strategy's stock price has surged over 220%, while Bitcoin's price has risen nearly 70% during the same period.

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