Kate Irwin: "Community" is the most abused term in the crypto space
Foresight News reported that Kate Irwin, Content Director at Veda, tweeted, "'Community' is the most abused term in the crypto space. Just because a group of strangers bought the same thing does not make it a community. If everyone only wants to make money off you, that's not a community. More accurately, they are a group of 'investors,' 'gamblers,' or 'collectors.'"
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Michael Burry suggested that the AI bubble could burst as early as next summer and has replaced all his short positions on Micron, Nebius, SOXX semiconductor ETF, and Palantir with put options to obtain lower cost and higher leveraged short exposure. He believes the AI boom is built on the unproven assumption of "sustained capital expenditure," and once revenues disappoint, capital will quickly flee.
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