Re: The narrative behind gamestop and wallstreetbets (a parody)
Warren Buffett: Athletes and celebrities are withdrawing money from US stocks to invest in bitcoin and cryptocurrencies.
Bill Gates: This is dangerous. What happens if institutional investors sell berkshire hathaway stock to buy BTC.
Warren Buffett: You and I would lose mountains of wealth my friend.
Paul Krugman: May I propose rebranding US stocks to be more competitive with crypto. Holders of bitcoin like to feel they're fighting the power and sticking it to the man.
Paul Krugman: Perhaps we can fool them into believing that pouring their money into stocks, which benefits wallstreet, will actually hurt wallstreet in some way.
Paul Krugman: I know this guy called wallstreetbets who might be interested.
Warren Buffett: We must do something to prevent capital flight from US stocks from migrating into cryptocurrencies. Make it happen.
....
I'm not saying my analysis here is 100% accurate or amounts to more than a parody. Available data at this point is too preliminary to draw hard conclusions.
But it could be worth thinking about.
Bill Gates: This is dangerous. What happens if institutional investors sell berkshire hathaway stock to buy BTC.
Warren Buffett: You and I would lose mountains of wealth my friend.
Paul Krugman: May I propose rebranding US stocks to be more competitive with crypto. Holders of bitcoin like to feel they're fighting the power and sticking it to the man.
Paul Krugman: Perhaps we can fool them into believing that pouring their money into stocks, which benefits wallstreet, will actually hurt wallstreet in some way.
Paul Krugman: I know this guy called wallstreetbets who might be interested.
Warren Buffett: We must do something to prevent capital flight from US stocks from migrating into cryptocurrencies. Make it happen.
....
I'm not saying my analysis here is 100% accurate or amounts to more than a parody. Available data at this point is too preliminary to draw hard conclusions.
But it could be worth thinking about.
Hahaha not bad.
Or maybe trying to scare any potential short sellers just before all assets fall off a cliff:
"Be careful, if you try to short anything, a bunch of wild redditors will liquidate you"
Would be brilliant in its own perverted way
