Ben Wehrman on Nostr: I'm getting clowned hard on here for being bullish on #Gamestop, as I knew I would, ...
I'm getting clowned hard on here for being bullish on #Gamestop, as I knew I would, but I ask you to hear out WHY this stock has been my ONLY exception to "staying humble stacking sats" for the last 4+ years.
The thesis in a nutshell: #GME is a ticking infinite-short-squeeze time bomb. And now, it's backed by #Bitcoin, which has MASSIVELY increased the safety of this ceilingless bet.
Does it carry more risk than straight #BTC?
OF COURSE it does. It's within the fiat stock market, which obviously adds uncertainty. Straight BTC will always be the safest long-term play; anyone arguing that is an idiot.
But to call #GME a "gamble" is also idiotic. It has bonkers math underlying it (naked shorting to the moon = mile-long line of guaranteed future buyers = mother of all short squeezes #MOASS potential).
The "they'll never let it happen" response is also missing the fact that there is a TON of big money on the long side of this play as well; this is far from a "retail plebs vs. goliath" story, which further improves the risk profile.
When an asset with parabolic straight-line-up potential converges with the monetary invincibility star that is #Bitcoin, the risk/reward math presents an exceptional opportunity. Personally, I view it as the grand finale of the old system, and an opportunity to absorb a showering of fiat funny-money from the money-printer that's done nothing but screw us for so long, as it reaches its explosive end.
TLDR:
a) #BTC is the new system, that will take us to a more prosperous financial future
b) #GME is the finale of the old system, which provides an opportunity to pillage the paradigm of fiat-fuckery on its way out, and enter the new system with significantly fatter bags
c) Sticking with (a) only is the safest path. Dabbling in (b) carries some extra risk, but has the potential to drastically change your financial position very quickly, which would normally require TREMENDOUS risk
Here are some resources diving deep into the #GME thesis, and why I personally believe it's worth taking a flyer on with any extra fiat you have on the sidelines, even as a hardcore bitcoin maxi 👇
https://www.benwehrman.com/gamestop/
https://fountain.fm/episode/onTuW6xyC50qpGNHL5UM
The thesis in a nutshell: #GME is a ticking infinite-short-squeeze time bomb. And now, it's backed by #Bitcoin, which has MASSIVELY increased the safety of this ceilingless bet.
Does it carry more risk than straight #BTC?
OF COURSE it does. It's within the fiat stock market, which obviously adds uncertainty. Straight BTC will always be the safest long-term play; anyone arguing that is an idiot.
But to call #GME a "gamble" is also idiotic. It has bonkers math underlying it (naked shorting to the moon = mile-long line of guaranteed future buyers = mother of all short squeezes #MOASS potential).
The "they'll never let it happen" response is also missing the fact that there is a TON of big money on the long side of this play as well; this is far from a "retail plebs vs. goliath" story, which further improves the risk profile.
When an asset with parabolic straight-line-up potential converges with the monetary invincibility star that is #Bitcoin, the risk/reward math presents an exceptional opportunity. Personally, I view it as the grand finale of the old system, and an opportunity to absorb a showering of fiat funny-money from the money-printer that's done nothing but screw us for so long, as it reaches its explosive end.
TLDR:
a) #BTC is the new system, that will take us to a more prosperous financial future
b) #GME is the finale of the old system, which provides an opportunity to pillage the paradigm of fiat-fuckery on its way out, and enter the new system with significantly fatter bags
c) Sticking with (a) only is the safest path. Dabbling in (b) carries some extra risk, but has the potential to drastically change your financial position very quickly, which would normally require TREMENDOUS risk
Here are some resources diving deep into the #GME thesis, and why I personally believe it's worth taking a flyer on with any extra fiat you have on the sidelines, even as a hardcore bitcoin maxi 👇
https://www.benwehrman.com/gamestop/
https://fountain.fm/episode/onTuW6xyC50qpGNHL5UM