Odaily Planet Daily News - Wall Street's well-known short seller Jim Chanos is betting on Bitcoin while shorting MicroStrategy, a company that has adopted a high-risk cryptocurrency strategy with the support of enthusiastic retail investors. Chanos stated, 'We are shorting the stock of Strategy and buying Bitcoin, basically buying it at $1 and selling it at $2.5.' Chanos remarked, 'If you look at Strategy, and some of the more concerning imitators now, they are raising large amounts of money, essentially marketing this idea to retail investors: we will buy Bitcoin in the corporate structure. Because of Strategy's approach, you should value us at a similar premium.' However, Chanos called this idea 'absurd.' Over the past year, Strategy's stock price has soared more than 220%, while the price of Bitcoin has increased by nearly 70% during the same period. Trump has been a vocal supporter of cryptocurrencies, and since he announced widespread tariffs in early April, cryptocurrency prices have surged significantly. Chanos noted that this trade 'is not only a great barometer of the arbitrage itself, but I also think it is an indicator of retail speculation.' (CNBC)

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