this post was submitted on 12 Jul 2024
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Go-dAmn Sachs is wrong often, but in this I think they're on point. Learned from the Crypto insanity.
Broken clock etc.
And yet, worth 150 billion.
"valued at" != "worth"
It's costing them money, and they're not sure they're going to get it back.
They're not
Naw if they're publicly bashing it they've already dumped on all the downside risk onto their customers and now they're net short.