Wall Street's big short Jim Chanos strikes again at MicroStrategy (MSTR), previously Citron had shorted the stock last year and failed miserably. The logic behind this shorting is the belief that the company has a singular business focus (solely on Bitcoin), lacks fundamental support, and that the stock price is inflated and a bubble. However, this viewpoint clearly overlooks a key point—during the Bitcoin bull market cycle, MSTR's stock price, which is deeply tied to BTC, inherently exhibits a correlation effect. Shorting MSTR while betting on Bitcoin's rise does indeed create a confusing operational logic.
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