Odd Lots

Jim Chanos on the Nuttiness of 'Bitcoin Treasury Companies'


Listen Later

For awhile there was just MicroStrategy (which has since been renamed as Strategy.) It started buying Bitcoin, and then raised money to buy more Bitcoin, and the stock has done phenomenally well, despite the company not doing much else beside holding Bitcoin. But now it has spawned numerous copycats all doing the same thing. But the question is why? Why are people willing to buy shares of a company that owns Bitcoin, rather than just buying Bitcoin outright (which anyone can easily do now that there's an ETF)? On this episode of the podcast, recorded live in New York City, we speak with famed short-seller Jim Chanos about this phenomenon. We also talk about NYC real estate in the age of Zohran Mamdani, the latest at Tesla, private equity, and whether AI can replace people who understand accounting.

Read more:
Michael Saylor Shifts to Using Preferred Shares to Buy Bitcoin as Criticism Rises
Musk Confidant Afshar Leaves Tesla in Latest High-Level Exit

Only http://Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at  bloomberg.com/subscriptions/oddlots

See omnystudio.com/listener for privacy information.

...more
View all episodesView all episodes
Download on the App Store

Odd LotsBy Bloomberg

  • 4.5
  • 4.5
  • 4.5
  • 4.5
  • 4.5

4.5

1,584 ratings


More shows like Odd Lots

View all
Bloomberg Surveillance by Bloomberg

Bloomberg Surveillance

1,184 Listeners

Bloomberg Intelligence by Bloomberg

Bloomberg Intelligence

403 Listeners

Bloomberg Businessweek by Bloomberg

Bloomberg Businessweek

436 Listeners

Masters in Business by Bloomberg

Masters in Business

2,160 Listeners

Exchanges by Goldman Sachs

Exchanges

979 Listeners

Trumponomics by Bloomberg

Trumponomics

350 Listeners

Macro Voices by Hedge Fund Manager Erik Townsend

Macro Voices

3,065 Listeners

The Meb Faber Show - Better Investing by The Idea Farm

The Meb Faber Show - Better Investing

925 Listeners

Invest Like the Best with Patrick O'Shaughnessy by Colossus | Investing & Business Podcasts

Invest Like the Best with Patrick O'Shaughnessy

2,285 Listeners

Foundering by Bloomberg

Foundering

965 Listeners

Grant’s Current Yield Podcast by Grant's Interest Rate Observer

Grant’s Current Yield Podcast

661 Listeners

Capital Allocators – Inside the Institutional Investment Industry by Ted Seides – Allocator and Asset Management Expert

Capital Allocators – Inside the Institutional Investment Industry

798 Listeners

Trillions by Bloomberg

Trillions

191 Listeners

Eye On The Market by Michael Cembalest

Eye On The Market

278 Listeners

Here's Why by Bloomberg

Here's Why

65 Listeners

Out of Office by Bloomberg

Out of Office

31 Listeners

The Memo by Howard Marks by Oaktree Capital Management

The Memo by Howard Marks

401 Listeners

The Big Take by Bloomberg

The Big Take

157 Listeners

Listen to the Story by Bloomberg

Listen to the Story

4 Listeners

Forward Guidance by Blockworks

Forward Guidance

274 Listeners

Into the Metaverse by Bloomberg Intelligence

Into the Metaverse

56 Listeners

The Cable by Bloomberg News

The Cable

2 Listeners

Bloomberg Tech by Bloomberg

Bloomberg Tech

55 Listeners

Bloomberg Opinion by Bloomberg

Bloomberg Opinion

7 Listeners

Zero: The Climate Race by Bloomberg

Zero: The Climate Race

196 Listeners

In the City by Bloomberg

In the City

12 Listeners

Bedrock, USA by iHeartPodcasts and Bloomberg CityLab

Bedrock, USA

232 Listeners

Bloomberg Talks by Bloomberg

Bloomberg Talks

17 Listeners

Bloomberg News Now by Bloomberg

Bloomberg News Now

60 Listeners

The Deal with Alex Rodriguez and Jason Kelly by Bloomberg

The Deal with Alex Rodriguez and Jason Kelly

83 Listeners

Money Stuff: The Podcast by Bloomberg

Money Stuff: The Podcast

379 Listeners

Monetary Matters with Jack Farley by Jack Farley

Monetary Matters with Jack Farley

92 Listeners

Levittown by Bloomberg, Kaleidoscope and  iHeartPodcasts

Levittown

75 Listeners