David Einhorn criticizes speculative behavior in bull market, shorts bitcoin ETFs

From CNBC: 2025-01-21 14:18:04

David Einhorn of Greenlight Capital criticizes speculative behavior in the bull market, comparing it to meme coins like “fartcoin” and “$TRUMP” launched by Donald Trump. As investors drive equities higher post-inauguration, Einhorn shorts leveraged bitcoin ETFs focusing on funds linked to MicroStrategy to capitalize on crypto market craziness.

Read more: David Einhorn says we have reached the ‘Fartcoin’ stage of the market cycle