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Kerrisdale Capital is shorting MicroStrategy stock and going long on Bitcoin due to what they perceive as an unjustifiable premium of MicroStrategy over Bitcoin. MicroStrategy's market cap now surpasses that of almost half of the S&P 500 companies, prompting debate and warnings about the stock being overvalued.
#Bitcoin's growth could surpass @Microsoft's market cap in a year if current trends persist. https://t.co/9TVV8hcdoR
Bitcoin was ~$750 in 2013. Current price is ~$70,000 Digital Dollar seems to be coming! People should start to pay attention to Blockchain. It's upon us https://t.co/8V30A21Dk6
Thanks, SBF. As bitcoin soars, the broader mainstream media has been mostly uninterested in covering it. An opinion for #FutureofBitcoin: https://t.co/VSiNdteTqw