Content originally published at iBankCoin.com
Here’s an old man who’s shorting GBTC and RIOT.
Why is he shorting them?
He’s upset that GBTC is trading 85% above its NAV, declaring if people could get short, ”it’d drop a thousand points tomorrow’, casting the recent price gains aside as being ‘ridiculous.’
With regard to RIOT Blockchain, which recently changed its name from Bioptix to capitalize on the crypto fervor. Left chalks them up as opportunists, marketeers operating out of Boca Raton and Canada, trying to get rich by pretending to have a notable crypto business.
Left thinks RIOT will plunge to under $10 and is shorting it via options.
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